This bill establishes comprehensive federal protections for cannabis-related legitimate businesses by prohibiting adverse federal agency actions against service providers and creating safe harbor provisions for securities exchanges. The legislation addresses two critical barriers facing state-legal cannabis businesses: the inability to access traditional business services without triggering federal enforcement actions, and the exclusion from public securities markets. By amending the Securities Exchange Act of 1934 and imposing restrictions on federal agency discretion, the bill aims to normalize the business operations of cannabis enterprises that comply with state law while cannabis remains federally prohibited under the Controlled Substances Act. This represents a significant shift in federal policy toward accommodation of state cannabis legalization regimes without directly legalizing cannabis at the federal level.

Who sponsored HR7987?

Guy Reschenthaler, Troy Carter, Pat Ryan, Christopher Deluzio, Bill Foster, David Joyce

What is the status of HR7987?

Introduced as of March 18, 2026.

This bill establishes comprehensive federal protections for cannabis-related legitimate businesses by prohibiting adverse federal agency actions against service providers and creating safe harbor provisions for securities exchanges. The legislation addresses two critical barriers facing state-legal cannabis businesses: the inability to access traditional business services without triggering federal enforcement actions, and the exclusion from public securities markets. By amending the Securities Exchange Act of 1934 and imposing restrictions on federal agency discretion, the bill aims to normalize the business operations of cannabis enterprises that comply with state law while cannabis remains federally prohibited under the Controlled Substances Act. This represents a significant shift in federal policy toward accommodation of state cannabis legalization regimes without directly legalizing cannabis at the federal level.

Who sponsored HR7987?

Guy Reschenthaler, Troy Carter, Pat Ryan, Christopher Deluzio, Bill Foster, David Joyce

What is the status of HR7987?

Introduced as of March 18, 2026.

HR7987 U.S. House: CLIMB Act Capital Lending and Investment…

Introduced

H. R. 7987

Introduced in House · March 31, 2026

March 18, 2026

Mr. Reschenthaler (for himself and Mr. Carter of Louisiana) introduced the following bill; 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 business, to amend the Securities Exchange Act of 1934 to create a safe harbor for national securities exchanges to list the securities of issuers that are cannabis-related legitimate businesses, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Capital Lending and Investment for Marijuana Businesses Act” or the “CLIMB Act”.

Introduced

H. R. 7987

Introduced in House · March 31, 2026

March 18, 2026

Mr. Reschenthaler (for himself and Mr. Carter of Louisiana) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Capital Lending and Investment for Marijuana Businesses Act” or the “CLIMB Act”.

Introduced

H. R. 7987

Introduced in House · March 31, 2026

March 18, 2026

Mr. Reschenthaler (for himself and Mr. Carter of Louisiana) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Capital Lending and Investment for Marijuana Businesses Act” or the “CLIMB Act”.

Introduced

H. R. 7987

Introduced in House · March 31, 2026

March 18, 2026

Mr. Reschenthaler (for himself and Mr. Carter of Louisiana) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Capital Lending and Investment for Marijuana Businesses Act” or the “CLIMB Act”.

H.R.7987

H. R. 7987

H.R.7987

H. R. 7987

H.R.7987

H. R. 7987

H.R.7987

H. R. 7987