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     DOYLE
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     &lt;p&gt;&lt;strong&gt;Long-term Opportunities for Advancing New Studies for Biomedical Research Act or the LOANS for Biomedical Research Act&lt;/strong&gt;&lt;/p&gt; &lt;p&gt;This bill requires the Department of Health and Human Services (HHS), in consultation with the Department of the Treasury, to establish the Biobonds Program to support loans for clinical trials for eligible drugs and medical devices.&lt;/p&gt; &lt;p&gt;Specifically, Treasury must contract with institutions to act as fiscal agents to carry out the program. Fiscal agents must (1) purchase loans made to borrowers engaged in eligible biomedical research activities, and (2) sell bonds comprised of such loans. HHS shall guarantee a portion of the bond payments. &lt;/p&gt; &lt;p&gt;An eligible borrower under this program is one conducting (or seeking to conduct) research related to a drug or device that is (1) intended to meet an unmet medical need; and (2) under investigation in certain types of controlled clinical trials, including a trial to investigate the safety and effectiveness of the drug or device.&lt;/p&gt; &lt;p&gt;HHS must issue rules relating to various aspects of the program, including rules concerning (1) which loans should be prioritized for purchase, (2) the terms and conditions of the loans, and (3) the size of each bond issuance. Treasury must issue rules relating to the program's underwriting practices and compensation for the fiscal agents.&lt;/p&gt; &lt;p&gt;The Government Accountability Office must periodically report to Congress on the program, including an analysis of the risk to the government in guaranteeing the bonds.&lt;/p&gt;
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   LOANS for Biomedical Research Act
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     LOANS for Biomedical Research Act
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     To require the Secretary of Health and Human Services to guarantee BioBonds in order to provide funding for loans to eligible biomedical companies and universities to carry out clinical trials approved by the Food and Drug Administration, and for other purposes.
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2021-05-21
Health Subcommittee
hsif14
1
House committee actions
Referred to the Subcommittee on Health.
Committee
H11100
2021-05-20
Energy and Commerce Committee
hsif00
2
House floor actions
Referred to the House Committee on Energy and Commerce.
IntroReferral
Intro-H
2021-05-20
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-05-20
9
Library of Congress
Introduced in House
IntroReferral
2021-05-20T13:11:05Z
Referred to
House
Energy and Commerce Committee
2021-05-21T18:21:52Z
Referred to
Health Subcommittee
hsif14
hsif00
Standing
F000466
1
Brian
Rep. Fitzpatrick, Brian K. [R-PA-1]
Fitzpatrick
K.
R
2021-05-20
PA
B000490
2
SANFORD
Rep. Bishop, Sanford D., Jr. [D-GA-2]
BISHOP
D.
D
2021-05-20
GA
C001072
7
Andre
Rep. Carson, Andre [D-IN-7]
Carson
D
2021-05-20
IN
C001068
9
Steve
Rep. Cohen, Steve [D-TN-9]
Cohen
D
2021-05-20
TN
C000754
5
JAMES
Rep. Cooper, Jim [D-TN-5]
COOPER
H.
D
2021-05-20
TN
D000096
7
DANNY
Rep. Davis, Danny K. [D-IL-7]
DAVIS
K.
D
2021-05-20
IL
G000551
3
Raúl
Rep. Grijalva, Raúl M. [D-AZ-3]
Grijalva
M.
D
2021-05-20
AZ
L000593
49
Mike
Rep. Levin, Mike [D-CA-49]
Levin
D
2021-05-20
CA
S001190
10
Bradley
Rep. Schneider, Bradley Scott [D-IL-10]
Schneider
Scott
D
2021-05-20
IL
S001185
7
Terri
Rep. Sewell, Terri A. [D-AL-7]
Sewell
A.
D
2021-05-20
AL
T000193
2
BENNIE
Rep. Thompson, Bennie G. [D-MS-2]
THOMPSON
D
2021-05-20
MS
A000148
4
Jake
Rep. Auchincloss, Jake [D-MA-4]
Auchincloss
D
2021-05-28
MA
G000583
5
Josh
Rep. Gottheimer, Josh [D-NJ-5]
Gottheimer
D
2021-05-28
NJ
R000609
4
John
Rep. Rutherford, John H. [R-FL-4]
Rutherford
H.
R
2021-06-16
FL
O000171
1
Tom
Rep. O'Halleran, Tom [D-AZ-1]
O'Halleran
D
2021-07-01
AZ
R000305
2
Deborah
Rep. Ross, Deborah K. [D-NC-2]
Ross
K.
D
2021-07-19
NC
H001068
2
Jared
Rep. Huffman, Jared [D-CA-2]
Huffman
D
2021-08-24
CA
D000482
18
MIKE
Rep. Doyle, Michael F. [D-PA-18]
DOYLE
D
2021-09-27
PA
B001251
1
G. K.
Rep. Butterfield, G. K. [D-NC-1]
Butterfield
D
2021-09-30
NC
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-05-20
2021-05-21
Referred to the Subcommittee on Health.
House
Health
R000515
1
BOBBY
Rep. Rush, Bobby L. [D-IL-1]
N
RUSH
L.
D
IL
2021-05-20
Introduced in House
 <p><strong>Long-term Opportunities for Advancing New Studies for Biomedical Research Act or the LOANS for Biomedical Research Act</strong></p> <p>This bill requires the Department of Health and Human Services (HHS), in consultation with the Department of the Treasury, to establish the Biobonds Program to support loans for clinical trials for eligible drugs and medical devices.</p> <p>Specifically, Treasury must contract with institutions to act as fiscal agents to carry out the program. Fiscal agents must (1) purchase loans made to borrowers engaged in eligible biomedical research activities, and (2) sell bonds comprised of such loans. HHS shall guarantee a portion of the bond payments. </p> <p>An eligible borrower under this program is one conducting (or seeking to conduct) research related to a drug or device that is (1) intended to meet an unmet medical need; and (2) under investigation in certain types of controlled clinical trials, including a trial to investigate the safety and effectiveness of the drug or device.</p> <p>HHS must issue rules relating to various aspects of the program, including rules concerning (1) which loans should be prioritized for purchase, (2) the terms and conditions of the loans, and (3) the size of each bond issuance. Treasury must issue rules relating to the program's underwriting practices and compensation for the fiscal agents.</p> <p>The Government Accountability Office must periodically report to Congress on the program, including an analysis of the risk to the government in guaranteeing the bonds.</p>
2022-03-04T15:53:27Z
00
2021-05-20T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr3437ih/xml/BILLS-117hr3437ih.xml
LOANS for Biomedical Research Act
LOANS for Biomedical Research Act
Display Title
IH
Introduced in House
To require the Secretary of Health and Human Services to guarantee BioBonds in order to provide funding for loans to eligible biomedical companies and universities to carry out clinical trials approved by the Food and Drug Administration, and for other purposes.
Official Title as Introduced
IH
Introduced in House
LOANS for Biomedical Research Act
Short Title(s) as Introduced
IH
Introduced in House
Long-term Opportunities for Advancing New Studies for Biomedical Research Act
Short Title(s) as Introduced
HR
2023-01-11T13:49:37Z
2023-01-11T13:49:37Z
3.0.0
2021-05-21
Health Subcommittee
hsif14
1
House committee actions
Referred to the Subcommittee on Health.
Committee
H11100
2021-05-20
Energy and Commerce Committee
hsif00
2
House floor actions
Referred to the House Committee on Energy and Commerce.
IntroReferral
Intro-H
2021-05-20
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-05-20
9
Library of Congress
Introduced in House
IntroReferral
R000515
1
BOBBY
Rep. Rush, Bobby L. [D-IL-1]
N
RUSH
L.
D
IL
F000466
1
Brian
Rep. Fitzpatrick, Brian K. [R-PA-1]
Fitzpatrick
K.
R
2021-05-20
PA
B000490
2
SANFORD
Rep. Bishop, Sanford D., Jr. [D-GA-2]
BISHOP
D.
D
2021-05-20
GA
C001072
7
Andre
Rep. Carson, Andre [D-IN-7]
Carson
D
2021-05-20
IN
C001068
9
Steve
Rep. Cohen, Steve [D-TN-9]
Cohen
D
2021-05-20
TN
C000754
5
JAMES
Rep. Cooper, Jim [D-TN-5]
COOPER
H.
D
2021-05-20
TN
D000096
7
DANNY
Rep. Davis, Danny K. [D-IL-7]
DAVIS
K.
D
2021-05-20
IL
G000551
3
Raúl
Rep. Grijalva, Raúl M. [D-AZ-3]
Grijalva
M.
D
2021-05-20
AZ
L000593
49
Mike
Rep. Levin, Mike [D-CA-49]
Levin
D
2021-05-20
CA
S001190
10
Bradley
Rep. Schneider, Bradley Scott [D-IL-10]
Schneider
Scott
D
2021-05-20
IL
S001185
7
Terri
Rep. Sewell, Terri A. [D-AL-7]
Sewell
A.
D
2021-05-20
AL
T000193
2
BENNIE
Rep. Thompson, Bennie G. [D-MS-2]
THOMPSON
D
2021-05-20
MS
A000148
4
Jake
Rep. Auchincloss, Jake [D-MA-4]
Auchincloss
D
2021-05-28
MA
G000583
5
Josh
Rep. Gottheimer, Josh [D-NJ-5]
Gottheimer
D
2021-05-28
NJ
R000609
4
John
Rep. Rutherford, John H. [R-FL-4]
Rutherford
H.
R
2021-06-16
FL
O000171
1
Tom
Rep. O'Halleran, Tom [D-AZ-1]
O'Halleran
D
2021-07-01
AZ
R000305
2
Deborah
Rep. Ross, Deborah K. [D-NC-2]
Ross
K.
D
2021-07-19
NC
H001068
2
Jared
Rep. Huffman, Jared [D-CA-2]
Huffman
D
2021-08-24
CA
D000482
18
MIKE
Rep. Doyle, Michael F. [D-PA-18]
DOYLE
D
2021-09-27
PA
B001251
1
G. K.
Rep. Butterfield, G. K. [D-NC-1]
Butterfield
D
2021-09-30
NC
2021-05-20
Introduced in House
 <p><strong>Long-term Opportunities for Advancing New Studies for Biomedical Research Act or the LOANS for Biomedical Research Act</strong></p> <p>This bill requires the Department of Health and Human Services (HHS), in consultation with the Department of the Treasury, to establish the Biobonds Program to support loans for clinical trials for eligible drugs and medical devices.</p> <p>Specifically, Treasury must contract with institutions to act as fiscal agents to carry out the program. Fiscal agents must (1) purchase loans made to borrowers engaged in eligible biomedical research activities, and (2) sell bonds comprised of such loans. HHS shall guarantee a portion of the bond payments. </p> <p>An eligible borrower under this program is one conducting (or seeking to conduct) research related to a drug or device that is (1) intended to meet an unmet medical need; and (2) under investigation in certain types of controlled clinical trials, including a trial to investigate the safety and effectiveness of the drug or device.</p> <p>HHS must issue rules relating to various aspects of the program, including rules concerning (1) which loans should be prioritized for purchase, (2) the terms and conditions of the loans, and (3) the size of each bond issuance. Treasury must issue rules relating to the program's underwriting practices and compensation for the fiscal agents.</p> <p>The Government Accountability Office must periodically report to Congress on the program, including an analysis of the risk to the government in guaranteeing the bonds.</p>
2022-03-04T15:53:27Z
00
LOANS for Biomedical Research Act
LOANS for Biomedical Research Act
Display Title
IH
Introduced in House
To require the Secretary of Health and Human Services to guarantee BioBonds in order to provide funding for loans to eligible biomedical companies and universities to carry out clinical trials approved by the Food and Drug Administration, and for other purposes.
Official Title as Introduced
IH
Introduced in House
LOANS for Biomedical Research Act
Short Title(s) as Introduced
IH
Introduced in House
Long-term Opportunities for Advancing New Studies for Biomedical Research Act
Short Title(s) as Introduced
2021-05-21
Referred to the Subcommittee on Health.