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- S.495
S.495: Medical Innovation Prize Fund Act
About This Bill
- This bill was introduced in the 115th Congress
- This bill is primarily about health
- Introduced March 2, 2017
- Latest Major Action March 2, 2017
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - March 2, 2017
Bill Summary
Medical Innovation Prize Fund Act This bill denies any person the exclusive right to manufacture, distribute, sell, or use a drug, a biological product, or a medication manufacturing process. The bill establishes the Fund for Medical Innovation Prizes to provide for prize payments in lieu of market exclusivity. The Board of Trustees of the fund must award prize payments to: (1) the first person to receive approval for a medication; (2) the...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| March 2, 2017 |
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
|
| March 2, 2017 |
Introduced in the Senate by Bernard Sanders (ID-Vt.) |