SB 407 – Compact to Award Prizes for Curing Diseases

SB 407 – Compact to Award Prizes for Curing Diseases

Primary Senate Sponsors: Sen. Jim Burgin (R-Harnett, Johnston, Lee); Sen. Joyce Krawiec (R-Davie, Forsyth); Sen. Jim Perry (R-Lenoir, Wayne)

Summary

This bill states that the Solemn Covenant of States Commission (Commission) will be established once six states have enacted the Solemn Covenant of the States to Award Prizes for Curing Diseases Compact (Compact).

This bill also specifies requirements regarding the Commission’s membership, powers, meeting and voting, bylaws, rulemaking authority, finances, and records.

Powers of the Commission include: (1) the ability to adopt bylaws and rules with the force and effect of law in the compacting state; (2) the ability to receive and review treatments and therapeutic protocols for the cure of disease submitted to the Commission and to award prizes for submissions that meet the Commission’s standards for a successful cure treatment or therapeutic protocol; (3) to make widely available a cure treatment or therapeutic protocol upon a prize winner claiming a prize and transferring any intellectual property necessary for the manufacture and distribution of the cure; and (4) to establish a selling price for the cure.

This bill also notes that no decision of the Commission with respect to the approval of an award for a treatment or therapeutic process for the cure of a disease shall be effective unless two-thirds of the Commission members vote in favor thereof.

This bill requires the Commission to adopt rules as necessary to (1) govern the methods, processes, and any other aspect of the research, creation, and testing of a treatment or therapeutic protocol for each disease for which a prize may be awarded; (2) establish the criteria for defining and classifying the diseases for which prizes shall be awarded; (3) provide a process for Commission review of submitted treatments and therapeutic protocols for curing diseases; and (4) establish a dispute resolution process.

Movement

Filed – 3/30/2021

 
 

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