H.R.610 - Making Investments Now for Dementia Act of 2011112th Congress (2011-2012)
|Sponsor:||Rep. Burgess, Michael C. [R-TX-26] (Introduced 02/10/2011)|
|Committees:||House - Ways and Means; Energy and Commerce|
|Latest Action:||02/18/2011 Referred to the Subcommittee on Health. (All Actions)|
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Summary: H.R.610 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (02/10/2011)
Making Investments Now for Dementia Act of 2011 - Authorizes the Secretary of the Treasury (the Secretary) to issue bonds to aid in the funding of Alzheimer's research in consultation with the Secretary of Health and Human Services (HHS) and the Director of the National Institutes of Health (NIH).
Declares that the bonds authorized under this Act shall be in such form and denominations, and shall be subject to such terms and conditions of issue, conversion, redemption, maturation, payment, and rate of interest, as the Secretary may prescribe.
Requires the Secretary to submit an annual report to Congress describing the actions taken by the Secretaries during the year, with the first such report describing the implementation of the program and subsquent reports describing the use of funds and the status of the program.
Authorizes appropriations to the Director of NIH for research on Alzheimer's research equal to the amounts received by the Secretary from the sale of bonds under this Act, less amounts determined by the Secretary to be necessary for administration of such sales.
Expresses the sense of Congress that any funds collected pursuant to this Act are in addition to yearly appropriated funds and are not to be used to supplement current funding.