CLIMB Act

Hozzl · 2022-12-29T17:33:57Z

Explore the details of House Bill 8200 CLIMB Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/29/2022, 5:33 PM

Summary of Bill HR 8200

The CLIMB Act, also known as Bill 117 hr 8200, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to provide funding and support for programs that help individuals gain the skills and education needed to succeed in high-demand industries.

Specifically, the CLIMB Act aims to expand access to career and technical education programs, apprenticeships, and other workforce training initiatives. It also seeks to increase collaboration between educational institutions, businesses, and government agencies to ensure that these programs are aligned with the needs of the labor market.

Additionally, the CLIMB Act includes provisions to support individuals who are underrepresented in certain industries, such as women, minorities, and individuals with disabilities. It also emphasizes the importance of providing support services, such as childcare and transportation assistance, to help individuals overcome barriers to participation in these programs. Overall, the CLIMB Act is designed to help individuals acquire the skills and training they need to secure well-paying jobs in growing industries. By investing in workforce development programs and promoting collaboration between stakeholders, this bill aims to strengthen the US economy and provide opportunities for all Americans to succeed in the workforce.

Congressional Summary of HR 8200

Capital Lending and Investment for Marijuana Businesses Act or the CLIMB Act

This bill allows national stock exchanges to list state-licensed cannabis-related businesses on their exchanges. It also prohibits a federal agency from bringing certain civil, criminal, regulatory, or administrative actions against a business or person because they provide assistance or services to a state-licensed cannabis-related business.

Read the Full Bill

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Current Status of Bill HR 8200

Bill HR 8200 is currently in the status of Bill Introduced since June 23, 2022. Bill HR 8200 was introduced during Congress 117 and was introduced to the House on June 23, 2022. Bill HR 8200's most recent activity was Referred to the House Committee on Financial Services. as of June 23, 2022

Bipartisan Support of Bill HR 8200

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 8200

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 8200

CLIMB Act

Capital Lending and Investment for Marijuana Businesses Act

To amend any applicable Federal law to permit access to community development, small business, minority development, and any other public or private financial capital sources for investment in and financing of cannabis-related legitimate businesses, and 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.