Formula Act of 2022

Formula Act of 2022

This bill requires the Food and Drug Administration to work through established processes to review and update internationally recognized standards for infant formula to ensure that such standards are consistent with standards applied to importing infant formula into the United States.

Bill 117 HR 7718, also known as the Formula Act of 2022, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to establish a new formula for distributing federal funds to states and local governments.

The bill aims to create a more equitable and efficient system for allocating funds based on various factors such as population size, poverty rates, and infrastructure needs. This new formula is intended to ensure that resources are distributed in a way that addresses the unique needs of each state and community.

Additionally, the Formula Act of 2022 includes provisions for increased transparency and accountability in the distribution of federal funds. This includes requirements for regular reporting on how funds are being used and the impact they are having on the intended recipients. Overall, the Formula Act of 2022 seeks to improve the effectiveness of federal funding distribution and ensure that resources are being allocated in a fair and equitable manner. It is currently being debated in Congress and may undergo further revisions before being voted on.