S. 2416 · 117th Congress
New Opportunities for Value that Extend Lives Act of 2021
- Stage
- In committee
- Sponsor
- Richard Burr
- Introduced
- 2021-07-21
- Latest action
- 2021-07-21 · Introduced in Senate
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.