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Jun 26

21st Century Cures Act Signed into Law; White House

 

December 13, 2016

 

President Barack Obama signed into law the bi-partisan healthcare spending bill called the 21st Century Cures Act. The legislation is intended to expand medical research and speed up the approval process for new drugs and medical devices.

"We are bringing to reality the possibility of new breakthroughs to some of the greatest health challenges of our time," Pres. Obama said. 

The Care Act provides $4.8 billion in spending over 10 years for research at the National Institutes of Health (NIH), including $1.8 billion for the cancer research "moonshot" championed by Vice President Joe Biden.