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H.R. 7987 (119th Congress)Committee
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CLIMB Act

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Summary

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The CLIMB Act prohibits federal agencies from taking adverse action against persons or businesses that provide services to cannabis-related legitimate businesses operating under state law. It amends the Securities Exchange Act of 1934 to create a safe harbor allowing national securities exchanges and market participants to list and trade securities of cannabis businesses and their service providers without violating federal law.

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