TRACK Act of 2023

Hozzl · 2023-12-14T09:39:17Z

Explore the details of Senate Bill 315 TRACK Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Health. Stay informed on legislative developments.

12/14/2023, 9:39 AM

Summary of Bill S 315

The TRACK Act of 2023, also known as Bill 118 s 315, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to improve the transparency and accountability of federal spending by requiring federal agencies to report detailed information on their expenditures.

Specifically, the TRACK Act would require federal agencies to report on their spending in a standardized format that is easily accessible to the public. This would include information on the purpose of the expenditure, the amount spent, and the results achieved.

Additionally, the bill would establish a new oversight body, the Federal Spending Transparency and Accountability Commission, to monitor and evaluate federal spending. This commission would be responsible for ensuring that agencies are complying with the reporting requirements and for identifying areas where spending could be more efficient. Overall, the TRACK Act of 2023 aims to increase transparency and accountability in federal spending, ultimately leading to more efficient and effective use of taxpayer dollars.

Congressional Summary of S 315

Taxpayer Research and Contributions Knowledge Act of 2023 or the TRACK Act of 2023

This bill requires the Department of Health and Human Services (HHS) to work with other federal entities to compile a public database of federal contracts, tax benefits, and other support for biomedical research and development. HHS must develop the database within one month and update it every two weeks.

The bill sets out elements that must be in the database, including (1) the agency or other federal entity providing the support, (2) the entity receiving the support, (3) an itemized accounting of the support provided, (4) any associated clinical trial data, and (5) any medical products that were developed using the support and that are being brought to market.

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Current Status of Bill S 315

Bill S 315 is currently in the status of Bill Introduced since February 9, 2023. Bill S 315 was introduced during Congress 118 and was introduced to the Senate on February 9, 2023. Bill S 315's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of February 9, 2023

Bipartisan Support of Bill S 315

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 315

Primary Policy Focus

Health

Potential Impact Areas

- Cardiovascular and respiratory health

- Drug safety, medical device, and laboratory regulation

- Drug therapy

- Emergency medical services and trauma care

- Genetics

- Government information and archives

- Health information and medical records

- Health programs administration and funding

- Health promotion and preventive care

- Infectious and parasitic diseases

- Intellectual property

- Licensing and registrations

- Manufacturing

- Marketing and advertising

- Medical research

- Public contracts and procurement

- Research administration and funding

- Research and development

Alternate Title(s) of Bill S 315

TRACK Act of 2023

Taxpayer Research And Contributions Knowledge Act of 2023

A bill to direct the Secretary of Health and Human Services and other Federal officials to compile into a searchable database information relating to Federal support for biomedical research and development, and for other purposes.