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21st Century Cures Act, and has sent the bill to President Obama who is expected to sign it into law. This bill is an effort from both sides of the aisle to accelerate the discovery, development, and delivery of medical treatments and cures to the American people.

A massive undertaking, the Cures Act provides more than $4.8 billion over the next decade to the National Institutes of Health (NIH) for the Precision Medicine Initiative; the BRAIN Initiative; the Beau Biden Cancer Moonshot initiative; and an initiative in collaboration with the Food and Drug Administration (FDA) on regenerative medicine using adult stem cells.

“The Cures Act makes important investments that will save lives,” Obama said in a statement. “This bill will make a big difference, and I look forward to signing it as soon as it reaches my desk.”

Look for more information on this important piece of research legislation in the weeks to come.