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.

3/19/2026, 8:07 AM

Summary of Bill HR 7987

The bill, titled "To prohibit Federal agencies from taking adverse action against those supporting cannabis-related businesses and to amend the Securities Exchange Act of 1934," was introduced in the 119th Congress as H.R. 7987 on March 18, 2026. The bill aims to protect individuals offering business assistance to cannabis-related legitimate businesses from federal agency repercussions and proposes amendments to establish a safe harbor for national securities exchanges to list securities of such businesses.

Current Status of Bill HR 7987

Bill HR 7987 is currently in the status of Bill Introduced since March 18, 2026. Bill HR 7987 was introduced during Congress 119 and was introduced to the House on March 18, 2026. Bill HR 7987's most recent activity was Referred to the House Committee on Financial Services. as of March 18, 2026

Bipartisan Support of Bill HR 7987

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7987

Primary Policy Focus

Alternate Title(s) of Bill HR 7987

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.