I thank the gentleman for offering his amendment today, and I really do. We work a lot of with Mr. Gottheimer on a number of issues before the Congress, and I appreciate his commitment to this cause. Republicans fully support the goal of the amendment: to identify those diseases and conditions in which there is an unmet medical need and exploring ways to further incentivize getting treatments to market. In fact, a study in unmet medical needs is especially timely with the consideration of this underlying bill, H.R. 3, because we believe it will crush development and hope for new treatments. We are not alone. We have come to this conclusion based on others' factual evaluation of the bill. There is no shortage of sources warning us that H.R. 3 will lead to fewer cures. In fact, independently, the Council of Economic Advisers estimates as many as 100 new treatments will be lost over the next decade under the partisan H.R. 3. I think the most disturbing, Mr. Chairman, is that the California Life Sciences Association, the great innovators in America who come up with these new cures that we all are counting on, predicts an 88 percent reduction in the number of drugs brought to market by small and emerging companies. And that is only in California, apparently. The nonpartisan Congressional Budget Office, another source here, our third independent source, estimates that, under H.R.…
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I don't believe I have any other speakers on my side of the aisle on this measure. I urge its passage, and I yield back the balance of my time.
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