S. 5637 seeks to create the "Biomedical Innovation Fund," a fund in the U.S. Treasury aimed at supporting medical research and innovations. The bill outlines how $10 billion will be transferred to this fund annually from 2025 to 2034, and specifies that the funds will be...
Simple Explanation
The bill creates a special money pot called the "Biomedical Innovation Fund" where the U.S. government will put $10 billion every year for ten years to help scientists and doctors find new ways to make people healthy, making sure the money is used for research and not for anything else.