CLIMB Act

(a) 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 provider.

(b) Definitions. In this section:

(1) Business assistance. The term business assistance means—

(A) providing a financial product or service;

(B) selling insurance or surety products;

(C) providing debt or equity capital or receiving dividends, interest, or distributions of that capital;

(D) providing accounting services;

(E) the sale, lease, or rental of real estate;

(F) providing equipment, parts, substances, or testing services needed to produce cannabis in compliance with the laws and regulations in the applicable State;

(G) providing advertising or marketing services;

(H) providing management consulting services;

(I) providing legal services or compliance services;

(J) providing information technology, software, or communications services;

(K) provision of packaging, transportation, or other logistics services; and

(L) underwriting, dealing, placement or public distribution of securities issued by a cannabis-related legitimate business, including the listing of any such securities on any exchange or trading venue, or any provision of services related to the foregoing.

(2) Cannabis. The term cannabis has the meaning given that term in section 6(m)(1) of the Securities Exchange Act of 1934.

(3) Cannabis-related legitimate business. The term cannabis-related legitimate business has the meaning given that term in section 6(m)(1) of the Securities Exchange Act of 1934.

(4) Financial product or service. The term financial product or service has the meaning given that term in section 1002 of the Consumer Financial Protection Act of 2010 (12 U.S.C. 5481).

(5) Person. The term person means an individual, a partnership, a corporation, a limited liability company, a business trust, a joint stock company, a trust, an unincorporated association, a joint venture, or any other entity.

(6) Service provider. The term service provider has the meaning given that term in section 6(m)(1) of the Securities Exchange Act of 1934.

(7) State. The term State means each of the several States, the District of Columbia, each of the territories of the United States, and each Indian Tribe.