A bill to establish the "Biomedical Innovation Fund", and for other purposes.
1/14/2025, 7:02 PMSummary of Bill S 5637
Bill 118 s 5637, also known as the "Biomedical Innovation Fund Act", is a proposed piece of legislation in the US Congress. The main purpose of this bill is to create a fund specifically dedicated to supporting and promoting innovation in the biomedical field.The fund would be used to provide financial assistance to researchers, scientists, and organizations working on cutting-edge biomedical research and development. This could include funding for new treatments, therapies, medical devices, and other advancements in the field of biomedicine.
In addition to supporting research and development, the bill also aims to encourage collaboration between different sectors of the biomedical industry, such as academia, government agencies, and private companies. By fostering partnerships and sharing resources, the hope is that breakthroughs in biomedical innovation can be accelerated and brought to market more quickly. Overall, the "Biomedical Innovation Fund Act" seeks to drive progress in the field of biomedicine and improve the health and well-being of Americans. It is a bipartisan effort to support innovation and research in a critical area of healthcare.
Current Status of Bill S 5637
Bill S 5637 is currently in the status of Bill Introduced since December 19, 2024. Bill S 5637 was introduced during Congress 118 and was introduced to the Senate on December 19, 2024. Bill S 5637's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of December 19, 2024Bipartisan Support of Bill S 5637
Total Number of Sponsors
4Democrat Sponsors
4Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
8Democrat Cosponsors
7Republican Cosponsors
0Unaffiliated Cosponsors
1Policy Area and Potential Impact of Bill S 5637
Primary Policy Focus
Alternate Title(s) of Bill S 5637
A bill to establish the "Biomedical Innovation Fund", and for other purposes.A bill to establish the "Biomedical Innovation Fund", and for other purposes.Comments
Most relevant
Sponsors and Cosponsors of S 5637
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