Gabriella Miller Kids First Research Act 2.0

Gabriella Miller Kids First Research Act 2.0

This bill directs certain penalties assessed by the Securities Exchange Commission against pharmaceutical companies for specified violations to the 10-Year Pediatric Research Initiative Fund, an existing fund that supports pediatric disease research. In making allocations from that fund, the National Institutes of Health shall prioritize pediatric research that does not duplicate existing research activities.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6556 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 6556

To require certain civil penalties to be transferred to a fund through 
 which amounts are made available for the Gabriella Miller Kids First 
 Pediatric Research Program at the National Institutes of Health, and 
                          for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 17, 2020

   Ms. Wexton (for herself, Mr. Cole, Mr. Welch, and Mr. Bilirakis) 
 introduced the following bill; which was referred to the Committee on 
  Energy and Commerce, and in addition to the Committee on Financial 
Services, for a period to be subsequently determined by the Speaker, in 
   each case for consideration of such provisions as fall within the 
                jurisdiction of the committee concerned

_______________________________________________________________________

                                 A BILL


 
To require certain civil penalties to be transferred to a fund through 
 which amounts are made available for the Gabriella Miller Kids First 
 Pediatric Research Program at the National Institutes of Health, and 
                          for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Gabriella Miller Kids First Research 
Act 2.0''.

SEC. 2. TRANSFER OF FUNDS TO THE 10-YEAR PEDIATRIC RESEARCH INITIATIVE.

    Section 30A of the Securities Exchange Act of 1934 (15 U.S.C. 78dd-
1) is amended by adding at the end the following:
    ``(h) Transfer of Amounts.--
            ``(1) In general.--With respect to civil monetary 
        sanctions, including penalties, disgorgement, and interest, 
        recovered under this section, section 13(b)(2), or section 
        32(c) from persons registered under section 510(b)(1) or 
        section 510(i)(1)(A)(i) of the Federal Food, Drug, and Cosmetic 
        Act, the Secretary of the Treasury shall transfer to the 10-
        Year Pediatric Research Initiative Fund described in section 
        9008(i)(2) of the Internal Revenue Code of 1986 (the `Fund'), 
        an amount equal to the sum of all such sanctions.
            ``(2) Exception for funds to be paid to harmed investors.--
        Paragraph (1) shall not apply to any monetary sanction 
        collected by the Commission in any judicial or administrative 
        action brought by the Commission under the securities laws that 
        is added to a disgorgement fund or other fund under section 308 
        of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7246) or otherwise 
        distributed to victims of a violation of the securities laws, 
        or the rules and regulations thereunder.
            ``(3) Application.--Amounts transferred to the Fund under 
        this subsection shall--
                    ``(A) be transferred in the manner described under 
                section 9601 of the Internal Revenue Code of 1986; and
                    ``(B) be available as described in section 
                9008(i)(2) of such Code.''.

SEC. 3. FUNDING FOR THE 10-YEAR PEDIATRIC RESEARCH INITIATIVE.

    Section 402A(a)(2) of the Public Health Service Act (42 U.S.C. 
282a(a)(2)) is amended by inserting before the period the following: 
``, and amounts transferred into the 10-Year Pediatric Research 
Initiative Fund under section 30A(h) of the Securities Exchange Act of 
1934''.

SEC. 4. COORDINATION OF NIH FUNDING FOR PEDIATRIC RESEARCH.

    (a) Sense of Congress.--It is the sense of the Congress that the 
Director of the National Institutes of Health should 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 Duplication.--Section 402(b)(7)(B)(ii) of the Public 
Health Service Act (42 U.S.C. 282(b)(7)(B)(ii)) is amended by inserting 
``and shall prioritize such pediatric research that does not duplicate 
existing research activities of the National Institutes of Health'' 
before ``; and''.
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