,i #aaith ,,congress #b;d ,session ,h4 ,r4 #gihg ,,in ,,the ,,house ,,of ,,representatives ,march #ah1 #bjbf,mr4 ,reschenthaler 7for himself and ,mr4 ,carter of ,louisiana7 introduced the following bill2 which was referred to the ,committee on ,financial ,services ,a ,,bill ,to prohibit ,federal agencies from taking any adverse action against a person solely because the person provides business assistance to a cannabis-related legitimate business1 to amend the ,securities ,exchange ,act of #aicd to create a safe harbor for national securities exchanges to list the securities of issuers that are cannabis-related legitimate businesses1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,capital ,lending and ,investment for ,marijuana ,businesses ,act or the ,,climb ,act4 #b4 ,prohibition on ,federal agencies taking certain actions against persons who provide business assistance to cannabis-related legitimate businesses 7a7 ,in general ,a ,federal agency may not take any adverse action against a person solely because the person provides business assistance to a cannabis-related legitimate business or service provider4 7b7 ,definitions ,in this section3 7#a7 ,business assistance ,the term business assistance means-- 7,a7 providing a financial product or service2 7,b7 selling insurance or surety products2 7,c7 providing debt or equity capital or receiving dividends1 interest1 or distributions of that capital2 7,d7 providing accounting services2 7,e7 the sale1 lease1 or rental of real estate2 7,f7 providing equipment1 parts1 substances1 or testing services needed to produce cannabis in compliance with the laws and regulations in the applicable ,state2 7,g7 providing advertising or marketing services2 7,h7 providing management consulting services2 7,i7 providing legal services or compliance services2 7,j7 providing information technology1 software1 or communications services2 7,k7 provision of packaging1 transportation1 or other logistics services2 and 7,l7 underwriting1 dealing1 placement or public distribution of securities issued by a cannabis-related legitimate business1 including the listing of any such securities on any exchange or trading venue1 or any provision of services related to the foregoing4 7#b7 ,cannabis ,the term cannabis has the meaning given that term in section #f7m77#a7 of the ,securities ,exchange ,act of #aicd4 7#c7 ,cannabis-related legitimate business ,the term cannabis-related legitimate business has the meaning given that term in section #f7m77#a7 of the ,securities ,exchange ,act of #aicd4 7#d7 ,financial product or service ,the term financial product or service has the meaning given that term in section #ajjb of the ,consumer ,financial ,protection ,act of #bjaj 7#ab ,u4,s4,c4 #edha74 7#e7 ,person ,the term person means an individual1 a partnership1 a corporation1 a limited liability company1 a business trust1 a joint stock company1 a trust1 an unincorporated association1 a joint venture1 or any other entity4 7#f7 ,service provider ,the term service provider has the meaning given that term in section #f7m77#a7 of the ,securities ,exchange ,act of #aicd4 7#g7 ,state ,the term ,state means each of the several ,states1 the ,district of ,columbia1 each of the territories of the ,united ,states1 and each ,indian ,tribe4 #c4 ,safe harbor for national securities exchanges ,section #f of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #gh;f7 is amended by adding at the end the following3 7m7 ,safe harbor for cannabis-,related legitimate businesses and service providers 7#a7 ,definitions ,in this subsection3 7,a7 ,cannabis ,the term cannabis has the meaning given the term marihuana in section #ajb of the ,controlled ,substances ,act 7#ba ,u4,s4,c4 #hjb74 7,b7 ,cannabis product ,the term cannabis product means any article that contains cannabis1 including an article that is a concentrate1 an edible1 a tincture1 a cannabis-infused product1 or a topical4 7,c7 ,cannabis-related legitimate business ,the term cannabis-related legitimate business means an issuer that-- 7i7 initiates1 engages1 or participates in any business or organized activity that involves cannabis or cannabis products1 including cultivating1 warehousing1 producing1 manufacturing1 processing1 selling1 transporting1 displaying1 dispensing1 distributing1 or purchasing cannabis or cannabis products2 and 7ii7 engages in the activity described in clause 7i7 pursuant to a law established by a ,state or a political subdivision of a ,state1 as determined by that ,state or political subdivision4 7,d7 ,market participant ,the term market participant means any broker1 dealer1 underwriter1 clearing agency or clearinghouse1 securities depository1 credit rating agency1 alternative trading system1 investment adviser1 self-regulatory organization1 or transfer agent4 7,e7 ,service provider ,the term service provider means-- 7i7 an issuer that-- 7,i7 sells or otherwise provides goods or services to a cannabis-related legitimate business2 or 7,,ii7 provides any business service relating to cannabis or a cannabis product1 including-- 7aa7 legal1 compliance1 or accounting services2 7bb7 sale1 leasing1 or renting of real estate or equipment2 7cc7 provision of parts1 substances1 or testing services needed to produce cannabis in compliance with the laws and regulations in the applicable ,state2 7dd7 advertising or marketing services2 7ee7 management consulting services2 7ff7 information technology1 software1 or communications services2 and 7gg7 packaging1 transportation1 or other logistics services2 and 7ii7 is not a cannabis-related legitimate business4 7,f7 ,state ,the term ,state means each of the several ,states1 the ,district of ,columbia1 each of the territories of the ,united ,states1 and each ,indian ,tribe4 7#b7 ,safe harbor ,notwithstanding section #cb of this ,act1 the ,controlled ,substances ,act 7#ba ,u4,s4,c4 #hja et seq471 or any other ,federal law1 it shall not be unlawful for a national securities exchange registered pursuant to subsection 7a7 or any market participant to take the following actions in connection with the securities of a cannabis-related legitimate business or a service provider3 7,a7 ,to have listed1 list1 or intend to list such securities4 7,b7 ,to permit the trading of such securities on a national securities exchange4 7,c7 ,to facilitate the offering1 listing1 or trading of such securities on a national securities exchange4 4 #d4 ,effective date ,this ,act and the amendment made by this ,act shall take effect #ahj days after the date of enactment of this ,act4