New Opportunities for Value that Extend Lives Act of 2021
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jul 2021
Committee Review
Floor Vote
President
Introduced Jul 21, 2021
Last action Jul 21, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jul 21, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
Jul 21, 2021
Introduced
Introduced in Senate
upper
1 primary · 3 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Richard Burr
RRepublican
Co
Michael F. Bennet
DDemocratic
Co
Thomas R. Carper
DDemocratic
Co
Tim Scott
RRepublican
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