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FORMULA Act
12/30/2022, 12:04 AM
Summary of Bill HR 7808
The FORMULA Act aims to create a more transparent and equitable process for allocating federal funds, ensuring that resources are distributed fairly and efficiently. By establishing a clear formula, the bill seeks to eliminate any potential biases or favoritism in the allocation of funds, promoting accountability and fairness in government spending.
Additionally, the FORMULA Act includes provisions for regular reviews and updates of the formula to ensure that it remains relevant and effective. This will help to address changing needs and priorities, ensuring that federal funds are allocated in a way that best serves the interests of the American people. Overall, the FORMULA Act is designed to improve the efficiency and effectiveness of federal funding distribution, promoting transparency, fairness, and accountability in government spending. It is an important piece of legislation that aims to ensure that taxpayer dollars are used wisely and responsibly for the benefit of all Americans.
Congressional Summary of HR 7808
Fixing Our Regulatory Mayhem Upsetting Little Americans Act or the FORMULA Act
This bill provides duty-free treatment to infant formula imported from certain countries.
Specifically, the bill provides, for 180 days beginning on this bill's enactment, duty-free treatment to infant formula if the formula (1) is imported from specified countries (e.g., Australia, Japan, and the United Kingdom), and (2) was approved by the government of that country regulating such formula.
The bill temporarily waives certain Food and Drug Administration regulations and requirements under the Federal Food, Drug, and Cosmetic Act for formula imported under this bill.
A person who manufactures or imports formula must notify the Department of Health and Human Services (HHS) if the person has knowledge that such formula may not provide required nutrients or may be unsafe for infant consumption. If HHS determines the formula is unsafe for infant consumption, then the manufacturer or importer must immediately recall shipments from all wholesale and retail establishments.
The bill makes formula imported under this bill eligible for purchase using benefits received under the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC).
The Department of Agriculture must maintain and publicize a list of imported formula approved for use and marketing within the country of origin and the recommended measurements for mixing or otherwise preparing the formula.
