Congress Clears Health Policy Bill, 21st Century Cures Act
By Patrick Cooney, The Federal Group, Inc.
Legislative Representative, Dental Trade Alliance
Recently, President Obama signed the $6.3 billion, 21st Century Cures Act. The measure dedicates $5.3 billion for the FDA and National Institutes of Health to facilitate research and revise the approval process, while also authorizing increased appropriations for NIH from fiscal 2018 through 2020.
Specific amounts would be allocated to several initiatives during the 10-year period. The total funding allocated for each initiative would be capped at:
- $1.46 billion for a precision medicine initiative, with specific funding amounts from fiscal 2017 through 2026.
- $1.51 billion for the Brain Research through Advancing Innovative Neurotechnologies Initiative or “BRAIN Initiative,” with specific amounts allocated for fiscal 2017 through 2026.
- $1.8 billion for Vice President Biden’s Cancer Moonshot to aid the development of cancer vaccines, tests, immune therapies and other treatments.
- $30 million for clinical research in the field of regenerative medicine using adult stem cells.
This article was prepared by Patrick Cooney in his personal capacity. The opinions expressed in this article are the author's own and do not reflect the view of the Dental Trade Alliance.