Cameron’s Law

2/8/2022, 11:17 PM

Cameron's Law

This bill increases the rate of the tax credit for clinical testing expenses for rare diseases or conditions from 25% to 50% (orphan drug tax credit).

The bill also requires the Centers for Disease Control and Prevention to complete a study and report on enhancing and expanding the infrastructure to track the epidemiology of rare diseases or conditions.

Congress
116
Number
HR - 6238
Introduced on
2020-03-12
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

3/12/2020
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Cameron's Law

This bill increases the rate of the tax credit for clinical testing expenses for rare diseases or conditions from 25% to 50% (orphan drug tax credit).

The bill also requires the Centers for Disease Control and Prevention to complete a study and report on enhancing and expanding the infrastructure to track the epidemiology of rare diseases or conditions.

Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to restore the amount of the orphan drug tax credit, and for other purposes.
Policy Areas
Taxation
Potential Impact
Business expenses•
Congressional oversight•
Drug safety, medical device, and laboratory regulation•
Drug therapy•
Government studies and investigations•
Income tax credits•
Medical research•
Medical tests and diagnostic methods•
Research and development

Comments

Recent Activity

Latest Summary4/1/2020

Cameron's Law

This bill increases the rate of the tax credit for clinical testing expenses for rare diseases or conditions from 25% to 50% (orphan drug tax credit).

The bill also requires the Centers for Disease Control and ...

Latest Action3/12/2020
Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the ...