House Bills - 110th Congress

H. R. 3434 —The Americans Saving Through Health Research Bonds Act of 2007

On August 3, 2007, Representative Steve Pearce (R-NM) introduced H.R. 3434, the Americans Saving Through Health Research Bonds Act of 2007. The bill would amend 31 USC 3105 to authorize the Secretary to designate one or more series of health research bonds or certificates (or any portion thereof) to benefit each of the NIH institutes. The Secretary would be required to deduct and withhold ten percent of the amount of any interest payable under any such bond, which would be paid to the designated NIH institute to carry out research activities. It would also be required that the amount of any such payment would not be taken into account in making decisions regarding funds appropriated or otherwise provided to the NIH. H.R. 3434 was referred to the House Committee on Ways and Means.