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$550 Million FDA Fund Approved In Cures Bill, Paid For With Oil Reserves

This article was originally published in The Gray Sheet

Executive Summary

A House panel agreed 51-0 to approve 21st Century Cures legislation, including a $550 million, five-year fund to cover some of the FDA mandates in the bill, but not the device reforms. Reform spending would be offset by the sale of eight million barrels of oil from the Strategic Petroleum Reserve.

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