S 2416 · 117th Congress · Health

NOVEL Act of 2021

Introduced 2021-07-21· Sponsored by Sen. Burr, Richard [R-NC]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2021-07-21)

Plain Language Summary

[AI summary unavailable — showing source text] New Opportunities for Value that Extend Lives Act of 2021 or the NOVEL Act of 2021 This bill establishes a process for expediting the assignment of Healthcare Common Procedure Coding System (HCPCS) codes to medical products that have been designated as a breakthrough product or regenerative advanced therapy by the Food and Drug Administration; it also establishes a process for determining coverage under Medicare of such breakthrough products that have been assigned HCPCS codes.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

2 Democrats1 Republican
Sen. Bennet, Michael F. [D-CO]CO
Sen. Scott, Tim [R-SC]SC
Sen. Carper, Thomas R. [D-DE]DE