,,ii  #aai? ,,congress  #b;d ,session   
,s4 #eabg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bc1 #bjbf,mr4   
,banks 7= himself & ,ms4 ,cortez ,ma/o7 
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to exclude f gross
 income c]ta9 comp5sation to cl9ical    
trial p>ticipants1 & = o!r purposes4    
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,h>ley ,jacobs5 ,cl9ical ,trial       
,p>ticipant ,income ,exemption ,act (   
#bjbf4  #b4 ,exclusion ( comp5sation    
provid$ to p>ticipants 9 cl9ical trials 
7a7 ,9 g5]al ,"p ,,iii ( sub*apt] ,b (  
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$ by ins]t+ aft] section   
#aci,l ! foll[+ new section3  #aci,m4   
,cl9ical trial paym5ts  7a7 ,9 g5]al    
,gross income %all n include any am\nt  
receiv$ by an individual z a qualifi$   
cl9ical trial paym5t4  7b7 ,qualifi$    
cl9ical trial paym5t def9$ ,= purposes (
 ?is section1 ! t]m qualifi$ cl9ical    

trial paym5t means any am\nt paid to an 
individual-- 7#a7 z comp5sation =       
p>ticipation by ! individual or a       
dep5d5t ( ! individual 9 an approv$     
cl9ical trial1 or  7#b7 to reimburse or 
pay reasonable & necess>y exp5ses       
incurr$ 9 connection ) p>ticipation by !
 individual or a dep5d5t ( ! individual 
9 an approv$ cl9ical trial4  7c7 ,o!r   
def9itions ,= purposes ( ?is section--  
7#a7 ,approv$ cl9ical trial ,! t]m      
approv$ cl9ical trial has ! mean+ giv5  
su* t]m 9 section #bgji7;d77#a7 ( !     
,public ,heal? ,s]vice ,act 7#db        
,u4,s4,c4 #cjj;gg-#h7;d77#a771 det]m9$  
by sub/itut+ disease or condition =     
life-?reat5+ disease or condition4  7#b7
 ,dep5d5t ,! t]m dep5d5t has ! mean+    
giv5 su* t]m 9 section #aeb4  4  7b7    
,cl]ical am5dm5t ,! table ( sections =  
"p ,,iii ( sub*apt] ,b ( *apt] #a ( su* 
,code is am5d$ by ins]t+ aft] ! item    
relat+ to section #aci,l ! foll[+ new   
item3  ,sec4 #aci,m4 ,cl9ical trial     
paym5ts4  4  7c7 ,effective date ,!     

am5dm5ts made by ?is section %all apply 
to am\nts paid aft] ,decemb] #ca1 #bjbe4
  #c4 ,cl9ical trial comp5sation n tak5 
into acc\nt = purposes ( det]m9+        
eligibility = ,f$]al programs or        
assi/ance  7a7 ,9 g5]al ,not)/&+ any o!r
 provision ( law1 any am\nt receiv$ by  
an individual z a qualifi$ cl9ical trial
 paym5t %all n be tak5 into acc\nt z    
income or res\rces = purposes ( det]m9+ 
! eligibility ( su* individual 7or any  
o!r individual7 = b5efits or assi/ance  
7or ! am\nt or ext5t ( b5efits or       
assi/ance7 "u any ,f$]al program or "u  
any ,/ate or local program f9anc$ 9 :ole
 or 9 "p ) ,f$]al funds4  7b7 ,qualifi$ 
cl9ical trial paym5t ,= purposes (      
subsection 7a71 ! t]m qualifi$ cl9ical  
trial paym5t has ! mean+ giv5 su* t]m 9 
section #aci,m7b7 ( ! ,int]nal ,rev5ue  
,code ( #aihf 7z add$ by section #b (   
?is ,act74