Kids First Research Act 2.0

To increase funding for the 10-Year Pediatric Research Initiative Fund by eliminating taxpayer financing of presidential election campaigns. 1. Short title This Act may be cited as the Kids First Research Act 2.0 2. Termination of taxpayer financing of presidential election campaigns (a) Termination of designation of income tax payments Section 6096 (d) Termination This section shall not apply to taxable years beginning after December 31, 2016. . (b) Termination of fund and account (1) Termination of presidential election campaign fund (A) In general Chapter 95 of subtitle H of such Code is amended by adding at the end the following new section: 9014. Termination The provisions of this chapter shall not apply with respect to any presidential election (or any presidential nominating convention) after the date of the enactment of this section, or to any candidate in such an election. . (B) Transfer of remaining funds Section 9006 of such Code is amended by adding at the end the following new subsection: (d) Transfer of funds remaining after termination The Secretary shall transfer the amounts in the fund as of the date of the enactment of this subsection to the 10-Year Pediatric Research Initiative Fund described in section 9008(i)(2), to be available as described in such section and to remain so available until expended. . (2) Termination of account Chapter 96 of subtitle H of such Code is amended by adding at the end the following new section: 9043. Termination The provisions of this chapter shall not apply to any candidate with respect to any presidential election after the date of the enactment of this section. . (c) Clerical amendments (1) The table of sections for chapter 95 of subtitle H of such Code is amended by adding at the end the following new item: Sec. 9014. Termination. . (2) The table of sections for chapter 96 of subtitle H of such Code is amended by adding at the end the following new item: Sec. 9043. Termination. . 3. Coordination of NIH funding for pediatric research (a) Sense of Congress The Congress encourages the Director of the National Institutes of Health to oversee and coordinate research that is conducted or supported by the National Institutes of Health for research on pediatric cancer and other pediatric diseases and conditions, including through the 10-Year Pediatric Research Initiative Fund. (b) Avoiding replicate Clause (ii) of section 407(b)(7)(B) of the Public Health Service Act ( 42 U.S.C. 282(b)(7)(B) and shall prioritize such pediatric research that does not replicate existing research activities of the National Institutes of Health ; and

Summary: Kids First Research Act 2.0 This bill amends the Internal Revenue Code to terminate: (1) the taxpayer election to designate $3 of income tax liability for financing of presidential election campaigns for taxable years beginning after December 31, 2016, (2) the Presidential Election Campaign Fund, and (3) the Presidential Primary Matching Payment Account. The Department of the Treasury must transfer amounts in the fund as of the date of the enactment of this bill to the 10-Year Pediatric Research Initiative Fund. The bill expresses the sense of Congress that the Director of the National Institutes of Health (NIH) should oversee and coordinate research that is conducted or supported by the NIH for research on pediatric cancer and other pediatric diseases and conditions, including through the 10-Year Pediatric Research Initiative Fund. The bill also amends the Public Health Service Act to require the NIH to prioritize pediatric research that does not replicate existing NIH research activities.