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H.R.7418 / 118th Congress

To amend the Internal Revenue Code of 1986 to exclude from gross income certain compensation to clinical trial participants.

Referred to the House Committee on Ways and Means.

Official summary

Version 00 · Introduced in House · Feb 20, 2024

This bill excludes from gross income, for income tax purposes, any amount received by an individual as a qualified clinical trial payment. Such payments include amounts paid to an individual or a dependent of the individual as compensation for participation in an approved clinical trial (i.e., a trial conducted in relation to the prevention, detection, or treatment of cancer or other disease or condition) or as reimbursement or payment of reasonable and necessary expenses incurred in connection with the individual's participation in an approved clinical trial.

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Who introduced it

Rep. Kelly, Mike [R-PA-16] · R–PA

Committees

  • Ways and Means Committee
3 cosponsorship records, including any withdrawals

Actions

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  1. Referred to the House Committee on Ways and Means.

  2. Introduced in House

  3. Introduced in House

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Related bills identified by Congress.gov

Source last updated: Jun 11, 2024. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze H.R.7418 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

Examine H.R.7418 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Institutions and government scope

Conservative lens

Examine H.R.7418 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Individual rights and government power

Liberty lens

Examine H.R.7418 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

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