,i #aai? ,,congress #b;d ,session ,h4 ,r4 #gihg ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,m>* #ah1 #bjbf,mr4 ,res*5?al] 7= himself & ,mr4 ,c>t] ( ,l\isiana7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,f9ancial ,s]vices ,a ,,bill ,to prohibit ,f$]al ag5cies f tak+ any adv]se action aga9/ a p]son solely because ! p]son provides bus9ess assi/ance to a cannabis-relat$ legitimate bus9ess1 to am5d ! ,securities ,ex*ange ,act ( #aicd to create a safe h>bor = national securities ex*anges to li/ ! securities ( issu]s t are cannabis-relat$ legitimate bus9esses1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,capital ,l5d+ & ,inve/m5t = ,m>ijuana ,bus9esses ,act or ! ,,climb ,act4 #b4 ,prohibition on ,f$]al ag5cies tak+ c]ta9 actions aga9/ p]sons :o provide bus9ess assi/ance to cannabis-relat$ legitimate bus9esses 7a7 ,9 g5]al ,a ,f$]al ag5cy may n take any adv]se action aga9/ a p]son solely because ! p]son provides bus9ess assi/ance to a cannabis-relat$ legitimate bus9ess or s]vice provid]4 7b7 ,def9itions ,9 ?is section3 7#a7 ,bus9ess assi/ance ,! t]m bus9ess assi/ance means-- 7,a7 provid+ a f9ancial product or s]vice2 7,b7 sell+ insurance or surety products2 7,c7 provid+ debt or equity capital or receiv+ divid5ds1 int]e/1 or di/ributions ( t capital2 7,d7 provid+ acc\nt+ s]vices2 7,e7 ! sale1 lease1 or r5tal ( real e/ate2 7,f7 provid+ equipm5t1 p>ts1 sub/ances1 or te/+ s]vices ne$$ to produce cannabis 9 compliance ) ! laws & regulations 9 ! applicable ,/ate2 7,g7 provid+ adv]tis+ or m>ket+ s]vices2 7,h7 provid+ managem5t consult+ s]vices2 7,i7 provid+ legal s]vices or compliance s]vices2 7,j7 provid+ in=mation te*nology1 s(tw>e1 or communications s]vices2 7,k7 provision ( packag+1 transportation1 or o!r logi/ics s]vices2 & 7,l7 und]writ+1 deal+1 placem5t or public di/ribution ( securities issu$ by a cannabis-relat$ legitimate bus9ess1 includ+ ! li/+ ( any su* securities on any ex*ange or trad+ v5ue1 or any provision ( s]vices relat$ to ! =ego+4 7#b7 ,cannabis ,! t]m cannabis has ! mean+ giv5 t t]m 9 section #f7m77#a7 ( ! ,securities ,ex*ange ,act ( #aicd4 7#c7 ,cannabis-relat$ legitimate bus9ess ,! t]m cannabis-relat$ legitimate bus9ess has ! mean+ giv5 t t]m 9 section #f7m77#a7 ( ! ,securities ,ex*ange ,act ( #aicd4 7#d7 ,f9ancial product or s]vice ,! t]m f9ancial product or s]vice has ! mean+ giv5 t t]m 9 section #ajjb ( ! ,consum] ,f9ancial ,protection ,act ( #bjaj 7#ab ,u4,s4,c4 #edha74 7#e7 ,p]son ,! t]m p]son means an individual1 a p>tn]%ip1 a corporation1 a limit$ liability company1 a bus9ess tru/1 a jo9t /ock company1 a tru/1 an un9corporat$ association1 a jo9t v5ture1 or any o!r entity4 7#f7 ,s]vice provid] ,! t]m s]vice provid] has ! mean+ giv5 t t]m 9 section #f7m77#a7 ( ! ,securities ,ex*ange ,act ( #aicd4 7#g7 ,/ate ,! t]m ,/ate means ea* ( ! sev]al ,/ates1 ! ,di/rict ( ,columbia1 ea* ( ! t]ritories ( ! ,unit$ ,/ates1 & ea* ,indian ,tribe4 #c4 ,safe h>bor = national securities ex*anges ,section #f ( ! ,securities ,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4 #gh;f7 is am5d$ by add+ at ! end ! foll[+3 7m7 ,safe h>bor = cannabis-,relat$ legitimate bus9esses & s]vice provid]s 7#a7 ,def9itions ,9 ?is subsection3 7,a7 ,cannabis ,! t]m cannabis has ! mean+ giv5 ! t]m m>ihuana 9 section #ajb ( ! ,controll$ ,sub/ances ,act 7#ba ,u4,s4,c4 #hjb74 7,b7 ,cannabis product ,! t]m cannabis product means any article t conta9s cannabis1 includ+ an article t is a conc5trate1 an edible1 a t9cture1 a cannabis-infus$ product1 or a topical4 7,c7 ,cannabis-relat$ legitimate bus9ess ,! t]m cannabis-relat$ legitimate bus9ess means an issu] t-- 7i7 initiates1 engages1 or p>ticipates 9 any bus9ess or organiz$ activity t involves cannabis or cannabis products1 includ+ cultivat+1 w>eh\s+1 produc+1 manufactur+1 process+1 sell+1 transport+1 display+1 disp5s+1 di/ribut+1 or pur*as+ cannabis or cannabis products2 & 7ii7 engages 9 ! activity describ$ 9 clause 7i7 pursuant to a law e/abli%$ by a ,/ate or a political subdivision ( a ,/ate1 z det]m9$ by t ,/ate or political subdivision4 7,d7 ,m>ket p>ticipant ,! t]m m>ket p>ticipant means any brok]1 deal]1 und]writ]1 cle>+ ag5cy or cle>+h\se1 securities depository1 cr$it rat+ ag5cy1 alt]native trad+ sy/em1 inve/m5t advis]1 self-regulatory organization1 or transf] ag5t4 7,e7 ,s]vice provid] ,! t]m s]vice provid] means-- 7i7 an issu] t-- 7,i7 sells or o!rwise provides goods or s]vices to a cannabis-relat$ legitimate bus9ess2 or 7,,ii7 provides any bus9ess s]vice relat+ to cannabis or a cannabis product1 includ+-- 7aa7 legal1 compliance1 or acc\nt+ s]vices2 7bb7 sale1 leas+1 or r5t+ ( real e/ate or equipm5t2 7cc7 provision ( p>ts1 sub/ances1 or te/+ s]vices ne$$ to produce cannabis 9 compliance ) ! laws & regulations 9 ! applicable ,/ate2 7dd7 adv]tis+ or m>ket+ s]vices2 7ee7 managem5t consult+ s]vices2 7ff7 in=mation te*nology1 s(tw>e1 or communications s]vices2 & 7gg7 packag+1 transportation1 or o!r logi/ics s]vices2 & 7ii7 is n a cannabis-relat$ legitimate bus9ess4 7,f7 ,/ate ,! t]m ,/ate means ea* ( ! sev]al ,/ates1 ! ,di/rict ( ,columbia1 ea* ( ! t]ritories ( ! ,unit$ ,/ates1 & ea* ,indian ,tribe4 7#b7 ,safe h>bor ,not)/&+ section #cb ( ?is ,act1 ! ,controll$ ,sub/ances ,act 7#ba ,u4,s4,c4 #hja et seq471 or any o!r ,f$]al law1 x %all n be unlawful = a national securities ex*ange regi/]$ pursuant to subsection 7a7 or any m>ket p>ticipant to take ! foll[+ actions 9 connection ) ! securities ( a cannabis-relat$ legitimate bus9ess or a s]vice provid]3 7,a7 ,to h li/$1 li/1 or int5d to li/ su* securities4 7,b7 ,to p]mit ! trad+ ( su* securities on a national securities ex*ange4 7,c7 ,to facilitate ! (f]+1 li/+1 or trad+ ( su* securities on a national securities ex*ange4 4 #d4 ,effective date ,?is ,act & ! am5dm5t made by ?is ,act %all take effect #ahj days aft] ! date ( enactm5t ( ?is ,act4