S. 2416: New Opportunities for Value that Extend Lives Act of 2021
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S. 2416: New Opportunities for Value that Extend Lives Act of 2021
117th Congress · introduced 2021-07-21 · Health · Latest: Read twice and referred to the Committee on Finance.
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Follow this bill, step by step
- Where it came from: introduced 2021-07-21 · official record
- Who proposed it: Sen. Burr, Richard [R-NC] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Read twice and referred to the Committee on Finance. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
New Opportunities for Value that Extend Lives Act of 2021
Plain summary
New Opportunities for Value that Extend Lives Act of 2021 or the NOVEL Act of 2021 This bill establishes a process for expediting the assignment of Healthcare Common Procedure Coding System (HCPCS) codes to medical products that have been designated as a breakthrough product or regenerative advanced therapy by the Food and Drug Administration; it also establishes a process for determining coverage under Medicare of such breakthrough products that have been assigned HCPCS codes.
Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.
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If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
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What does this mean? (plain words)
Official text
New Opportunities for Value that Extend Lives Act of 2021
Source: Congressional Research Service summary (Introduced in Senate)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Burr, Richard [R-NC] · 3 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Michael F. Bennet (D-CO), Tim Scott (R-SC)
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (1)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in Senate)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117s2416.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/s>
Record fed-us-cong117-s2416 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117