About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

S. 1878, Advancing Hope Act of 2016 1 (July 7, 2016)

handle is hein.congrec/cbo3019 and id is 1 raw text is: ab CONGRESSIONAL BUDGET OFFICE COST ESTIMATE July 7, 2016 S. 1878 Advancing Hope Act of 2016 As reported by the Senate Committee on Health, Education, Labor, and Pensions on April 5, 2016 SUMMARY S. 1878 would amend and extend an incentive program administered by the Food and Drug Administration (FDA) that awards priority review vouchers to companies for obtaining FDA approval for drugs and biologics that target rare pediatric diseases. Such vouchers allow a recipient to receive expedited FDA review of a future drug application. CBO estimates that implementing S. 1878 would cost $12 million over the 2017-2021 period, assuming appropriation of the necessary amounts. Pay-as-you-go procedures do not apply to the bill because enacting it would not affect direct spending or revenues. CBO estimates that enacting S. 1878 would not increase net direct spending or on-budget deficits in any of the four consecutive 10-year periods beginning in 2027. S. 1878 contains no intergovernmental or private-sector mandates as defined in the Unfunded Mandates Reform Act (UMRA) and would not affect the budgets of state, local, or tribal governments. ESTIMATED COST TO THE FEDERAL GOVERNMENT The estimated budgetary effect of S. 1878 is shown in the following table. The costs of this legislation fall within budget function 550 (health).

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most