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Limiting Health Innovation Funds for 2024

This bill proposes to cap the funding for health innovation, managed by the National Institutes of Health, at $496 million for the 2024 fiscal year. This means less money will be available for new medical research and development, potentially affecting the pace at which new treatments and medicines become available.
Key points
Reduced medical research funding: The bill limits funds for health innovation, which could slow down the development of new treatments.
Potential impact on drug availability: Lower investment in research might delay the emergence of new drugs and therapies for citizens.
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Additional Information
Print number: 118_HR_2001
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-03-29