H. R. 6556
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
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.
This Act may be cited as the
Gabriella Miller Kids First Research Act 2.0.
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:
Transfer of amounts
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.
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.
Amounts transferred to the Fund under this subsection shall—
be transferred in the manner described under section 9601 of the Internal Revenue Code of 1986; and
be available as described in section 9008(i)(2) of such Code.
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.
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.
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