119-hr1414

HR
✓ Complete Data

Cameron’s Law

0 0
Login to track bills
Introduced:
Feb 18, 2025
Policy Area:
Taxation

Bill Statistics

3
Actions
14
Cosponsors
1
Summaries
1
Subjects
1
Text Versions
Yes
Full Text

AI Summary

No AI Summary Available

Click the button above to generate an AI-powered summary of this bill using Claude.

The summary will analyze the bill's key provisions, impact, and implementation details.

Latest Action

Feb 18, 2025
Referred to the House Committee on Ways and Means.

Summaries (1)

Introduced in House - Feb 18, 2025 00
<p><strong>Cameron's Law</strong></p><p>This bill increases the orphan drug tax credit to 50% (from 25%) of qualified clinical testing expenses paid or incurred in the development of drugs to treat certain rare diseases or conditions.</p><p>As background, the Tax Cuts and Jobs Act reduced the orphan drug tax credit (for tax years after 2017) to 25% of qualified clinical testing&nbsp;expenses (e.g., wages, supplies, and certain contract expenses) paid or incurred in the development of drugs to treat certain rare diseases or conditions. For 2017 and prior tax years, the orphan tax credit was 50% of such expenses paid or incurred.</p>

Actions (3)

Referred to the House Committee on Ways and Means.
Type: IntroReferral | Source: House floor actions | Code: H11100
Feb 18, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: Intro-H
Feb 18, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: 1000
Feb 18, 2025

Subjects (1)

Taxation (Policy Area)

Cosponsors (14)

Rep. Kelly, Mike [R-PA-16]
(R-PA)
Oct 24, 2025
Rep. Kim, Young [R-CA-40]
(R-CA)
Oct 21, 2025
Rep. Costa, Jim [D-CA-21]
(D-CA)
Sep 30, 2025
Rep. Schneider, Bradley Scott [D-IL-10]
(D-IL)
Sep 15, 2025
Rep. Cuellar, Henry [D-TX-28]
(D-TX)
Aug 8, 2025
Rep. Lawler, Michael [R-NY-17]
(R-NY)
Jul 10, 2025
Rep. Davis, Donald G. [D-NC-1]
(D-NC)
Apr 10, 2025
Rep. Johnson, Henry C. "Hank" [D-GA-4]
(D-GA)
Apr 7, 2025
Rep. Carey, Mike [R-OH-15]
(R-OH)
Mar 24, 2025
Rep. Fitzpatrick, Brian K. [R-PA-1]
(R-PA)
Feb 26, 2025
Rep. Miller, Max L. [R-OH-7]
(R-OH)
Feb 25, 2025
Rep. Bacon, Don [R-NE-2]
(R-NE)
Feb 18, 2025
Rep. Panetta, Jimmy [D-CA-19]
(D-CA)
Feb 18, 2025
Rep. Suozzi, Thomas R. [D-NY-3]
(D-NY)
Feb 18, 2025

Text Versions (1)

Introduced in House

Feb 18, 2025
PDF ↗ XML ↗

Full Bill Text

Length: 1,288 characters Version: Introduced in House Version Date: Feb 18, 2025 Last Updated: Nov 16, 2025 2:38 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1414 Introduced in House

(IH) ]

<DOC>

119th CONGRESS
1st Session
H. R. 1414

To amend the Internal Revenue Code of 1986 to restore the amount of the
orphan drug tax credit.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

February 18, 2025

Mr. Gottheimer (for himself, Mr. Bacon, Mr. Panetta, and Mr. Suozzi)
introduced the following bill; which was referred to the Committee on
Ways and Means

_______________________________________________________________________

A BILL

To amend the Internal Revenue Code of 1986 to restore the amount of the
orphan drug tax credit.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.

This Act may be cited as ``Cameron's Law''.
SEC. 2.

(a) In General.--
Section 45C (a) of the Internal Revenue Code of 1986 is amended by striking ``25 percent'' and inserting ``50 percent''.

(a) of the Internal Revenue Code of
1986 is amended by striking ``25 percent'' and inserting ``50
percent''.

(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after the date of the enactment of this Act.
<all>
View original source ↗
Back to Bills View on Congress.gov