This bill, introduced in the House on September 16, 2026 by Representatives Nydia Velázquez and Warren Davidson and referred to the House Committee on Financial Services, is titled to create a safe harbor for insurers that provide insurance in connection with cannabis-related legitimate businesses. The public record provided here contains only the bill title, sponsors, referral, and date. No text or detailed provisions are publicly available.
If you are an insurer or a business that legally sells or handles cannabis at the state level, this bill aims to provide legal protection (a "safe harbor") for insurers who choose to serve those businesses. For the general public, the title suggests the bill could affect how insurance is offered to cannabis businesses, but specific effects are not available.
No publicly available information on costs, budgetary effects, or federal spending changes is included in the material provided.
Sponsor(s) listed: Representatives Nydia Velázquez and Warren Davidson. The bill title states its purpose: to create a safe harbor for insurers working with cannabis-related legitimate businesses. No further public statements or supporting materials are included here.
No publicly available information about opponents' views, formal opposition, or criticisms is included in the provided material.