Section 1 Short title
This Act may be cited as the “Gabriella Miller Kids First Research Act 2.0”.
Gabriella Miller Kids First Research Act 2.0
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.
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
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.
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”.