Political Quotes

“I would like to submit the cost estimate prepared by the Congressional Budget Office for H.R. 639. U.S. Congress, Congressional Budget Office, Washington, DC, March 16, 2015. Hon. Fred Upton, Chairman, Committee on Energy and Commerce, House of Representatives, Washington, DC. Dear Mr. Chairman: The Congressional Budget Office has prepared the enclosed cost estimate for H.R. 639, the Improving Regulatory Transparency for New Medical Therapies Act. If you wish further details on this estimate, we will be pleased to provide them. The CBO staff contact is Julia Christensen. Sincerely, Douglas W. Elmendorf. Enclosure. ____ as ordered reported by the house committee on energy and commerce on february 12, 2015 H.R. 639 would modify the administrative procedures followed by the Department of Justice in regulating new drugs that are already approved by the Food and Drug Administration (FDA) and in authorizing drugs to be used in clinical trials. The legislation would aim to streamline the current review and approval process. CBO estimates that implementing the bill would have no significant effect on spending subject to appropriation. Enacting the legislation would affect direct spending and revenues related to federal health care costs; therefore, pay-as-you-go procedures apply. CBO estimates that that those effects would also not be significant over the 2015-2025 period.…”