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H.R. 1463: To prohibit the use of Federal funds to implement, administer, or enforce a final rule of the Food and Drug Administration relating to “Medical Devices; Laboratory Developed Tests”, and for other purposes.

This bill aims to prevent Federal funds from being used to support a specific rule made by the Food and Drug Administration (FDA) regarding medical devices and laboratory developed tests. The key aspects of the bill are as follows:

Prohibition on Federal Funding

The legislation specifically prohibits the use of any Federal financial resources to:

  • Implement the rule that the FDA created on medical devices and laboratory developed tests, which was published in the Federal Register on May 6, 2024.
  • Administer the rule and its procedures.
  • Enforce the rule that pertains to these medical devices and tests.

Scope of the Rule

The veterinary devices and laboratory developed tests in question typically include items that are created or modified for medical purposes outside of traditional mass-produced medical devices. The FDA's rule was intended to set guidelines for how these should be evaluated for safety and effectiveness.

Impact of the Bill

If this bill passes, the rule that was intended to regulate laboratory developed tests and certain medical devices would not be enforced by the federal government. This can have implications on how these tests and devices are marketed, validated, and monitored for public safety.

Overall Objective

The bill reflects legislative efforts to influence regulatory oversight specifically related to the medical device and diagnostic testing industry, signaling a shift in how the government intends to interact with these products and their developers.

Relevant Companies

  • ILMN - Illumina, Inc.: A company specializing in genomic sequencing, potentially affected by changes in the regulation of laboratory developed tests.
  • MDXG - MiMedx Group, Inc.: A producer of regenerative medicine products, which may be impacted by FDA regulations.

This is an AI-generated summary of the bill text. There may be mistakes.

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Sponsors

7 bill sponsors

Actions

2 actions

Date Action
Feb. 21, 2025 Introduced in House
Feb. 21, 2025 Referred to the House Committee on Energy and Commerce.

Corporate Lobbying

0 companies lobbying

None found.

* Note that there can be significant delays in lobbying disclosures, and our data may be incomplete.

Potentially Relevant Congressional Stock Trades

Estimated excess return of the underlying stock since the transaction
Politician Stock Transaction Filed Traded
Congress pfp
Thomas H. Kean, Jr. R / House
ILMN logo
ILMN ILLUMINA, INC. - COMMON STOCK
Purchase $1,001 - $15,000
May 15, 2025 Apr 01, 2025 -1.31%
Congress pfp
Thomas H. Kean, Jr. R / House
ILMN logo
ILMN ILLUMINA, INC. - COMMON STOCK
Purchase $1,001 - $15,000
Apr 18, 2025 Apr 01, 2025 -1.31%
Congress pfp
Ro Khanna D / House
ILMN logo
ILMN ILLUMINA, INC CMN
Sale $1,001 - $15,000
Mar 06, 2025 Feb 25, 2025 -14.46%
Congress pfp
Michael C. Burgess R / House
ILMN logo
ILMN ILLUMINA, INC. - COMMON STOCK
Sale $15,001 - $50,000
Sep 24, 2024 Sep 03, 2024 -45.03%
Congress pfp
Michael C. Burgess R / House
ILMN logo
ILMN ILLUMINA, INC. - COMMON STOCK
Sale $15,001 - $50,000
Oct 01, 2024 Aug 30, 2024 -43.39%
Congress pfp
Ro Khanna D / House
ILMN logo
ILMN ILLUMINA, INC CMN
Sale $1,001 - $15,000
Aug 07, 2024 Jul 02, 2024 -30.80%
Congress pfp
Ro Khanna D / House
ILMN logo
ILMN ILLUMINA, INC CMN
Purchase $1,001 - $15,000
Jun 05, 2024 May 29, 2024 -32.62%
Congress pfp
Ro Khanna D / House
ILMN logo
ILMN ILLUMINA, INC CMN
Sale $1,001 - $15,000
Jun 05, 2024 May 28, 2024 -34.34%
Congress pfp
Thomas H. Kean, Jr. R / House
ILMN logo
ILMN ILLUMINA, INC. - COMMON STOCK
Purchase $1,001 - $15,000
May 30, 2024 Apr 19, 2024 -50.61%
Congress pfp
Michael C. Burgess R / House
ILMN logo
ILMN ILLUMINA, INC. - COMMON STOCK
Sale $1,001 - $15,000
Mar 22, 2024 Mar 11, 2024 -57.72%
Congress pfp
Michael C. Burgess R / House
ILMN logo
ILMN ILLUMINA, INC. - COMMON STOCK
Sale $1,001 - $15,000
Apr 10, 2024 Mar 11, 2024 -57.72%
Congress pfp
Michael C. Burgess R / House
ILMN logo
ILMN ILLUMINA, INC. - COMMON STOCK
Sale $1,001 - $15,000
Mar 07, 2024 Feb 12, 2024 -60.53%
Congress pfp
Michael C. Burgess R / House
ILMN logo
ILMN ILLUMINA, INC. - COMMON STOCK
Purchase $15,001 - $50,000
Mar 07, 2024 Feb 12, 2024 -60.53%
Congress pfp
Michael C. Burgess R / House
ILMN logo
ILMN ILLUMINA, INC. - COMMON STOCK
Sale $1,001 - $15,000
Mar 07, 2024 Feb 12, 2024 -60.53%
Congress pfp
Michael C. Burgess R / House
ILMN logo
ILMN ILLUMINA, INC.
Purchase $1,001 - $15,000
Jan 22, 2024 Jan 02, 2024 -66.81%
Congress pfp
Michael C. Burgess R / House
ILMN logo
ILMN ILLUMINA, INC.
Purchase $15,001 - $50,000
Jan 22, 2024 Jan 02, 2024 -66.81%
Congress pfp
Michael C. Burgess R / House
ILMN logo
ILMN ILLUMINA, INC.
Sale $1,001 - $15,000
Jan 22, 2024 Jan 02, 2024 -66.81%
Congress pfp
Ro Khanna D / House
ILMN logo
ILMN ILLUMINA, INC CMN
Purchase $1,001 - $15,000
Jan 04, 2024 Dec 05, 2023 -57.27%
Congress pfp
Ro Khanna D / House
ILMN logo
ILMN ILLUMINA, INC CMN
Sale $1,001 - $15,000
Dec 06, 2023 Nov 03, 2023 -67.16%
Congress pfp
Ro Khanna D / House
ILMN logo
ILMN ILLUMINA, INC CMN
Purchase $1,001 - $15,000
Nov 08, 2023 Oct 31, 2023 -67.79%
Congress pfp
Ro Khanna D / House
ILMN logo
ILMN ILLUMINA, INC CMN
Purchase $1,001 - $15,000
Nov 08, 2023 Oct 02, 2023 -79.65%
Congress pfp
Ro Khanna D / House
ILMN logo
ILMN ILLUMINA, INC CMN
Sale $1,001 - $15,000
Sep 06, 2023 Aug 29, 2023 -82.40%
Congress pfp
Ro Khanna D / House
ILMN logo
ILMN ■ILLUMINA, INC CMN
Purchase $1,001 - $15,000
Aug 07, 2023 Jul 28, 2023 -88.20%
Congress pfp
Ro Khanna D / House
ILMN logo
ILMN ILLUMINA, INC CMN
Sale $1,001 - $15,000
Jul 11, 2023 Jun 29, 2023 -92.24%
Congress pfp
Ro Khanna D / House
ILMN logo
ILMN ILLUMINA, INC CMN
Sale $1,001 - $15,000
Jul 11, 2023 Jun 26, 2023 -95.29%