,,ii #aad? ,,congress #b;d ,session ,s4 #cdeg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,septemb] #bh1 #bjaf,mr4 ,g>dn] 7= himself & ,mr4 ,coons7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to e/abli% ,c5t]s = ,m$ic>e ,m$icaid ,s]vices ,,sbir or ,,/tr program grants :i* %all be kn[n z ,m$ic>e comm]cialization grants4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,r$uc+ ,m$ic>e ,co/s ?r\gh ,innovation ,act4 #b4 ,m$ic>e comm]cialization grants 7a7 ,def9itions ,9 ?is section3 7#a7 ,! t]m-- 7,a7 ,adm9i/rator means ! ,adm9i/rator ( ! ,c5t]s = ,m$ic>e ,m$icaid ,s]vices2 & 7,b7 ,secret>y means ! ,secret>y ( ,heal? & ,human ,s]vices4 7#b7 ,! t]ms comm]cialization1 ,phase ,i1 ,phase ,,ii1 ,phase ,,iii1 ,,sbir1 & ,,/tr h ! mean+s giv5 ^? t]ms 9 section #i7;e7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fch7;e774 7#c7 ,! t]m eligible m$ical product means a product-- 7,a7 = :i* a grant recipi5t receiv$ a ,m$ic>e comm]cialization grant2 7,b7 :i* w ma9ta9 or improve quality ( c>e :ile r$uc+ co/s 7z det]m9$ by ! ,secret>y72 & 7,c7 7i7 t is a drug1 z def9$ "u section #bja7;g77#a7 ( ,f$]al ,food1 ,drug1 & ,cosmetic ,act 7#ba ,u4,s4,c4 #cba7;g77#a772 7ii7 t is a biological product1 z def9$ 9 section #cea ( ! ,public ,heal? ,s]vice ,act 7#db ,u4,s4,c4 #bfb72 7iii7 t is a comb9ation product1 z describ$ 9 section #ejc7;g7 ( ! ,f$]al ,food1 ,drug1 & ,cosmetic ,act 7#ba ,u4,s4,c4 #cec7;g772 or 7iv7 t is a device1 z def9$ 9 section #bja7;h7 ( ! ,f$]al ,food1 ,drug1 & ,cosmetic ,act 7#ba ,u4,s4,c4 #cba7;h771 = :i* approval "u section #eae ( su* ,act is requir$4 7#d7 ,! t]m eligible small bus9ess conc]n means a small bus9ess conc]n t-- 7,a7 has a focus on ! diseases or conditions t are ! top #aj co/ driv]s 9 ! ,m$ic>e program "u title ,,xviii ( ! ,social ,security ,act 7#db ,u4,s4,c4 #acie et seq471 z det]m9$ by ! ,secret>y 9 accordance ) subsection 7b77#c72 7,b7 is o!rwise eligible = a ,c5t]s = ,m$ic>e ,m$icaid ,s]vices ,,sbir or ,,/tr program grant2 7,c7 has complet$ ,phase ,i activities2 & 7,d7 has fund+ = ,phase ,,ii activities4 7#e7 ,! t]m small bus9ess conc]n has ! mean+ giv5 ! t]m 9 section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb74 7b7 ,m$ic>e comm]cialization grants 7#a7 ,e/abli%m5t ( program ,! ,secret>y %all e/abli% )9 ! ,c5t]s = ,m$ic>e ,m$icaid ,s]vices ,,sbir or ,,/tr program a grant program ref]r$ to z ! ,m$ic>e comm]cialization grant program ?r\gh :i* ! ,secret>y %all aw>d grants to eligible small bus9ess conc]ns ) approv$ applications to assi/ su* small bus9ess conc]ns 9 ,phase ,,iii activities relat$ to develop+ novel eligible m$ical products & receiv+ approval or cle>ance by ! ,food & ,drug ,adm9i/ration = su* eligible m$ical products 9 accordance ) p>agraph 7#b74 7#b7 ,approval process = grant recipi5t's novel drugs1 devices1 or diagno/ics ,a grantee may *oose to submit an application = approval ( novel drugs1 devices1 or diagno/ics ?r\gh a traditional approval process or ?r\gh ! pilot program = p>allel review ( m$ical products describ$ 9 subsection 7c74 7#c7 ,applications 7,a7 ,solicitation ( applications ,! ,secret>y %all issue an annual solicitation ( applications = ! grant program "u p>agraph 7#a71 ) a focus on ! diseases or conditions t are ! top #aj co/ driv]s 9 ! ,m$ic>e program "u title ,,xviii ( ! ,social ,security ,act 7#db ,u4,s4,c4 #acie et seq471 z det]m9$ by ! ,secret>y 9 accordance ) subp>agraph 7,b74 7,b7 ,co/ driv]s 9 ,m$ic>e ,! ,secret>y %all assess1 9 consultation ) /akehold]s1 & take into consid]ation = purposes ( det]m9+ su* co/ driv]s & ! eligibility ( a small bus9ess conc]n1 z describ$ 9 subsection 7a77#d77;,a7-- 7i7 high volume m$ical proc$ures t are paid = "u ! ,m$ic>e program2 7ii7 diseases or conditions t a high numb] ( ,m$ic>e b5efici>ies are affect$ by2 7iii7 high co/ m$ical proc$ures t are paid = "u ! ,m$ic>e program2 7iv7 diseases or conditions t ,m$ic>e b5efici>ies are affect$ by t result 9 a high co/ to ! ,m$ic>e program2 & 7v7 areas describ$ 9 clauses 7i7 ?r\gh 7iv7 = :i* !re is a high pot5tial = innovation or co/ r$uction4 7,c7 ,application requirem5t ,ea* eligible small bus9ess conc]n t applies = a ,m$ic>e comm]cialization grant %all include 9 ! application = su* grant a description ( ea* s\rce ( fund+ = ! eligible bus9ess conc]n & ! am\nt ( fund+ f ea* su* s\rce4 7#d7 ,duration ,an eligible small bus9ess conc]n may receive a ,m$ic>e comm]cialization grant = a p]iod ( n less ?an #a ye> & n m ?an #c ye>s4 7#e7 ,no limit on numb] ( recipi5ts ,! ,secret>y %all n limit ! numb] ( eligible small bus9ess conc]ns t may receive a ,m$ic>e comm]cialization grant4 7#f7 ,p]iodic assessm5t ,at ! completion ( ! ?ird ye> = :i* grants are aw>d$ "u ?is subsection1 ! ,secret>y %all prep>e an assessm5t conta9+ in=mation ab\t ! co/ r$uctions & improvem5ts 9 c>e t result f su* grants1 includ+-- 7,a7 a g5]al assessm5t ( ! co/ driv]s t ! grants 7 int5d$ to address2 7,b7 in=mation ab\t ! novel eligible m$ical products t ! grantees develop$ or receiv$ approval or cle>ance = ) ! aid ( grant fund+ "u ?is subsection2 & 7,c7 ! pot5tial = a r$uction 9 co/s t may result if su* novel eligible m$ical products 7 us$ nationwide4 7#g7 ,report ,! ,secret>y %all prep>e & submit to ,congress1 at ! completion ( ! ?ird ye> = :i* grants are aw>d$ "u ?is subsection & foll[+ ! assessm5t describ$ 9 p>agraph 7#f71 a summ>y report conta9+ ! in=mation describ$ 9 p>agraph 7#f74 ,! ,secret>y %all also po/ ea* su* report on ! website ( ! ,dep>tm5t ( ,heal? & ,human ,s]vices4 7#h7 ,fund+ ,to c>ry out ! grant program "u ?is subsection1 ! ,secret>y %all use am\nts allocat$ = ! ,,sbir & ,,/tr programs ( ! ,dep>tm5t ( ,heal? & ,human ,s]vices "u subsections 7f7 & 7n71 respectively1 ( section #i ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fch74 7#i7 ,collaboration ,! ,secret>y %all collaborate ) ! heads ( o!r divisions )9 ! ,dep>tm5t ( ,heal? & ,human ,s]vices z ! ,secret>y det]m9es necess>y to c>ry out ?is subsection4 7c7 ,pilot program = p>allel review ( m$ical products 7#a7 ,9 ,g5]al ,n lat] ?an #fj days aft] ! date ( enactm5t ( ?is section1 ! ,secret>y & ! ,adm9i/rator %all jo9tly e/abli% a pilot program = p>allel review ( eligible m$ical products t is simil> to ! ,pilot ,program = ,p>allel ,review ( ,m$ical ,products describ$ 9 ! notice ( ! ,c5t]s = ,m$ic>e ,m$icaid ,s]vices1 publi%$ 9 ! ,f$]al ,regi/] on ,octob] #aa1 #bjaa 7#gf ,f$4 ,reg4 #fbhjh7 7ref]r$ to 9 ?is subsection z ! pilot program74 ,su* pilot program %all n affect ! applicable crit]ia or /&>ds = approv+1 cle>+1 or classify+ m$ical products "u ! ,f$]al ,food1 ,drug1 & ,cosmetic ,act 7#ba ,u4,s4,c4 #cja7 & %all n affect ! crit]ia & /&>ds relat+ to det]m9ations ab\t a reimbursem5t designation or a national cov]age det]m9ation "u ! ,m$ic>e program "u title ,,xviii ( ! ,social ,security ,act4 7#b7 ,purpose ,! purposes ( ! pilot program are to-- 7,a7 r$uce ! timel9e ( ! review processes = purposes ( approval by ! ,food & ,drug ,adm9i/ration "u ! ,f$]al ,food1 ,drug1 & ,cosmetic ,act 7#ba ,u4,s4,c4 #cja7 & a reimbursem5t designation & a national cov]age det]m9ation "u ! ,m$ic>e program "u title ,,xviii ( ! ,social ,security ,act = c]ta9 m$ical products develop$ by ,m$ic>e comm]cialization grant recipi5ts2 & 7,b7 increase ! effici5cy (1 & communication betwe51 ! ,dep>tm5t ( ,heal? & ,human ,s]vices & ! ,c5t]s = ,m$ic>e ,m$icaid ,s]vices4 7#c7 ,eligible p>ticipants ,! pilot program e/abli%$ "u ?is subsection %all be available-- 7,a7 only to recipi5ts ( a ,m$ic>e comm]cialization grant "u ?is subsection 7b7 :o *oose to p>ticipate 9 su* pilot program2 & 7,b7 only = ! review ( eligible m$ical products4 7#d7 ,p>allel review process ,z "p ( ! pilot program-- 7,a7 to ! ext5t practicable1 ! ,secret>y & ! ,adm9i/rator %all notify p>ticipat+ grant recipi5ts ( ! data t may be necess>y = ! grant recipi5t to submit at ! beg9n+ ( ! review process2 & 7,b7 ! ,adm9i/rator %all beg9 review = purposes ( a reimbursem5t designation & a national cov]age det]m9ation "u ! ,m$ic>e program "u title ,,xviii ( ! ,social ,security ,act = an eligible m$ical product :ile ! ,secret>y ( ,heal? & ,human ,s]vices is review+ t eligible m$ical product = approval "u ! ,f$]al ,food1 ,drug1 & ,cosmetic ,act 7#ba ,u4,s4,c4 #cja74 7#e7 ,allocation ( res\rces ,! ,adm9i/rator %all allocate ! res\rces necess>y to c>ry out ! pilot program4