The purpose of this bill would be to improve health care quality and reduce health care costs by establishing a National Fund for Health Research that would significantly expand the nation s investment in medical research. The Treasury will then transfer the amounts received to the Fund within 30 days after the President signs an appropriations act for the Department of Labor, Health and Human Services, and Education or by the end of the first quarter of the fiscal year. No expenditures from the Fund will be made in any fiscal year in which the amount appropriated for the NIH is less than the previous year s appropriation, provided the appropriation has been enacted by the end of the first quarter. And we ought to begin by doing what any smart business would do invest in research and development. Health research is the key to preventing disease and disability.
Money is tight.
We need a creative, common sense, and constant source of additional funding to support health research. It has 1 Republican co-sponsor. The amounts earned by the one cent differential would be paid by the Postal Service to the Department of Health and Human Services to support breast cancer research. S. 728 - The Cancer Research Fund Act of 1997. This measure would amend title IV of the PHS Act and the Internal Revenue Code to establish a Cancer Research Trust Fund.