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To amend the Internal Revenue Code of 1986 to allow for contributions to the Alzheimer's Research and Caregiving Trust Fund, and for other purposes.

12/30/2022, 5:47 PM

Summary of Bill HR 3880

Bill 117 hr 3880, also known as the Alzheimer's Research and Caregiving Trust Fund Act, aims to amend the Internal Revenue Code of 1986 to allow for contributions to a trust fund specifically designated for Alzheimer's research and caregiving. The bill seeks to address the growing need for funding and support for individuals suffering from Alzheimer's disease, as well as their caregivers.

The proposed legislation would establish a trust fund that would be used to support research efforts aimed at finding a cure for Alzheimer's disease, as well as providing resources and assistance to caregivers who are often burdened with the responsibilities of caring for loved ones with the disease. The trust fund would be funded through voluntary contributions from individuals, corporations, and other entities, with the goal of raising awareness and support for Alzheimer's research and caregiving efforts.

In addition to establishing the trust fund, the bill also includes provisions for the implementation and administration of the fund, as well as reporting requirements to ensure transparency and accountability in the use of the funds. The bill aims to provide much-needed support for individuals and families affected by Alzheimer's disease, while also advancing research efforts to find a cure for this devastating illness. Overall, Bill 117 hr 3880 represents a bipartisan effort to address the urgent need for funding and support for Alzheimer's research and caregiving. By establishing a dedicated trust fund and encouraging contributions from the public, the bill aims to make a meaningful impact in the fight against Alzheimer's disease and provide much-needed assistance to those affected by this debilitating condition.

Congressional Summary of HR 3880

This bill establishes the Alzheimer's Research and Caregiving Trust Fund to pay for research regarding the treatment or cure of Alzheimer's disease and for education, counseling, respite, and other supportive services for individuals with Alzheimer's disease and their families, caregivers, and health care professionals.

The bill allows taxpayers an election to contribute a whole dollar amount to the trust fund when they file their tax returns.

Current Status of Bill HR 3880

Bill HR 3880 is currently in the status of Bill Introduced since June 14, 2021. Bill HR 3880 was introduced during Congress 117 and was introduced to the House on June 14, 2021.  Bill HR 3880's most recent activity was Referred to the Subcommittee on Health. as of June 15, 2021

Bipartisan Support of Bill HR 3880

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
40
Democrat Cosponsors
32
Republican Cosponsors
8
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 3880

Primary Policy Focus

Taxation

Potential Impact Areas

- Department of Health and Human Services
- Executive agency funding and structure
- Government trust funds
- Health programs administration and funding
- Health promotion and preventive care
- Medical research
- National Institutes of Health (NIH)
- Neurological disorders
- Research administration and funding
- Tax administration and collection, taxpayers

Alternate Title(s) of Bill HR 3880

To amend the Internal Revenue Code of 1986 to allow for contributions to the Alzheimer's Research and Caregiving Trust Fund, and for other purposes.
To amend the Internal Revenue Code of 1986 to allow for contributions to the Alzheimer's Research and Caregiving Trust Fund, and for other purposes.

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