Mental Health Research Accelerator Act of 2022

Hozzl · 2022-12-29T22:18:25Z

Explore the details of House Bill 7279 Mental Health Research Accelerator Act of 2022 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/29/2022, 10:18 PM

Summary of Bill HR 7279

Bill 117 hr 7279, also known as the Mental Health Research Accelerator Act of 2022, is a piece of legislation introduced in the US Congress with the aim of accelerating research into mental health issues. The bill seeks to increase funding for mental health research and streamline the process for conducting studies in this field.

One of the key provisions of the bill is the establishment of a Mental Health Research Accelerator Program, which would provide grants to researchers and institutions working on mental health research. These grants would be used to fund studies on a wide range of mental health issues, including depression, anxiety, PTSD, and schizophrenia.

Additionally, the bill calls for the creation of a National Mental Health Research Database, which would centralize data from various studies and make it more accessible to researchers. This database would help researchers identify trends and patterns in mental health research, leading to more effective treatments and interventions. Overall, the Mental Health Research Accelerator Act of 2022 aims to improve the understanding and treatment of mental health issues through increased funding and collaboration among researchers. By investing in mental health research, the bill seeks to address the growing need for effective mental health care in the United States.

Congressional Summary of HR 7279

Mental Health Research Accelerator Act of 2022

This bill allows a tax credit through 2031 for 25% of expenses for translational research regarding neurodegenerative diseases and psychiatric conditions. The credit amount is subject to limitations, including an aggregate national limitation of $1 billion in 2022, $2 billion in 2023-2027, and $1 billion in 2028.

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Current Status of Bill HR 7279

Bill HR 7279 is currently in the status of Bill Introduced since March 29, 2022. Bill HR 7279 was introduced during Congress 117 and was introduced to the House on March 29, 2022. Bill HR 7279's most recent activity was Referred to the House Committee on Ways and Means. as of March 29, 2022

Bipartisan Support of Bill HR 7279

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 7279

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 7279

Mental Health Research Accelerator Act of 2022

To amend the Internal Revenue Code of 1986 to provide for a credit against tax for expenses for translational research regarding neurodegenerative diseases and psychiatric conditions.