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 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—Except as provided under section 21F, the Secretary of the Treasury shall transfer to the Pediatric Research Initiative Fund described in section 9008(i)(2) of the Internal Revenue Code of 1986 (referred to in this subsection as the “Fund”), an amount equal to the sum of all civil monetary sanctions, including penalties, disgorgement, and interest, recovered with respect to violations of this section and section 13(b)(2) from persons—
“(A) registered under subsection (b)(1) or (i)(1)(A)(i) of section 510 of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 360);
“(B) registered under subsection (b)(2) or (i)(1)(A)(ii) of section 510 of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 360);
“(C) that produce, manufacture, sell, transport, or distribute dietary supplements (as defined in section 201(ff) of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 321(ff))); or
“(D) that produce, manufacture, sell, transport, or distribute cosmetics (as defined in section 201(i) of the Federal Food, Drug, and Cosmetic Act (21 U.S.C. 321(i))).
“(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).
“(3) Application—Amounts transferred to the Fund under this subsection shall be—
“(A) transferred in the manner described in section 9601 of the Internal Revenue Code of 1986; and
“(B) available as described in section 9008(i)(2) of such Code.”
Sec. 3 Funding for the Pediatric Research Initiative
in the paragraph heading, by striking “10-year”;
by striking “the Common Fund” and inserting “the Division of Program Coordination, Planning, and Strategic Initiatives”;
by striking “10-Year”; and
by inserting before the period the following: “, and amounts transferred into the Pediatric Research Initiative Fund under subsection (h) of section 30A of the Securities Exchange Act of 1934 (15 U.S.C. 78dd–1)”.
NIH Director— Section 402(b)(7)(B)(ii) of the Public Health Service Act (42 U.S.C. 282(b)(7)(B)(ii)) is amended by striking “the Common Fund” and inserting “the Division of Program Coordination, Planning, and Strategic Initiatives”.
Use of amounts for initiative— Section 9008(i)(2) of the Internal Revenue Code of 1986 is amended by striking “10-year”.
Sec. 4 Coordination of NIH funding for pediatric research
Sense of Congress— It is the sense of 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 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 striking “grants” and inserting “awards”; and
by inserting “and shall prioritize such pediatric research that does not duplicate existing research activities of the National Institutes of Health” before “; and”.
Sec. 5 Report on progress and investments in pediatric research
Not later than 4 years after the date of the enactment of this Act, the Secretary of Health and Human Services shall submit to the Committee on Health, Education, Labor, and Pensions of the Senate and the Committee on Energy and Commerce of the House of Representatives a report that—
details pediatric research projects and initiatives receiving funds allocated pursuant to section 402(b)(7)(B)(ii) of the Public Health Service Act (42 U.S.C. 282(b)(7)(B)(ii)); and
summarizes advancements made in pediatric research with funds allocated pursuant to section 402(b)(7)(B)(ii) of the Public Health Service Act (42 U.S.C. 282(b)(7)(B)(ii)).