Bill · S. 2696· Senate(119-S-2696)
Foundation for Enabling Biotechnology Innovation Act
- Introduced
- 9/3/2025
- Last activity
- 9/3/2025 — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- Sponsored by
- Alex Padilla
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
This bill would create a nonprofit called the Foundation for Enabling Biotechnology Innovation. Its main goal is to speed up the process of getting biotechnology products to market in the United States. The Foundation will work by helping Federal agencies and encouraging different sectors to work together. It will be governed by a Board of Directors and can receive both government and private funding. The Foundation is not a government agency and cannot create regulations.
Yes· 3 of 29
Does this put more money into scientific research?+6
The Foundation provides direct funding and grants for research on regulatory processes and biotech innovation.
Would business owners be better off under this?+5
Directly benefits biotech business owners by accelerating the path to market.
Would students be better off under this?+5
Directly provides fellowships, short courses, and shadowing experiences for students.
The opposite
Would immigrants be better off under this?-2
Employment and leadership in the Foundation are restricted to citizens, nationals, refugees, or permanent residents.
Does this limit the influence of paid lobbyists?-2
Board members from industry may create a revolving door or increase industry influence over regulatory recommendations.
Who it would affect, and how
Potential Positive Impacts for People
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Faster access to products: The Foundation aims to accelerate the commercialization of biotechnology products, which could get new technologies to the public sooner (Section 2(b)).
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Educational opportunities: The bill allows for the creation of fellowship programs, short courses, and shadowing experiences, which include support like stipends, travel, and health insurance for participants (Section 2(c)(7)).
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Increased research and innovation: The Foundation can provide direct funding, grants, and competitions for research on regulatory processes and market acceptance (Section 2(c)(6)).
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Public awareness: The Foundation is authorized to conduct public engagement and education activities regarding the use and regulation of biotechnology products (Section 2(c)(4)).
Potential Negative Impacts for People
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Limited leadership diversity: Only U.S. citizens, nationals, refugees, or lawful permanent residents can serve as officers, employees, or Board members (Section 2(i)(3)).
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Potential for conflicts of interest: While the bill requires conflict-of-interest standards, the voting Board members are drawn from the industry and philanthropic organizations they are meant to help (Section 2(g)(4)).
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Lack of government liability: The United States government will not be responsible for any debts, defaults, or omissions made by the Foundation (Section 2(k)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+5Good For Students+5Good For Young Adults+4Good For Billionaires+3Good For High Net Worth Individuals+3Good For Ultra High Net Worth Individuals+3Good For Farmers+2Good For High Income Households+2Good For Middle Aged+2Good For Middle Class Households+2Good For People With Disabilities+2Good For Retirees+2Good For Seniors+2Good For Children+1Good For Low Income Households+1Good For Immigrants-2
- Healthcare
- Increases Research Funding+5Improves Healthcare Access+3Improves Pandemic Preparedness+2Reduces Prescription Drug Costs+2
- Economy And Finance
- Improves Economic Growth+4Improves Small Business Support+3Increases Job Creation+3
- National Security And Foreign Policy
- Improves International Trade+4Improves Diplomatic Engagement+2Improves International Alliances+2
- Education And Technology
- Increases Scientific Research Funding+6
- Governance And Ideology
- Improves Government Transparency+3Improves Interstate Commerce+2Increases Federal Power+1Reduces Lobbying-2
- 9/3/2025
- Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- 1 Cosponsor added.
- Introduced in Senate
Todd YoungRepublican · Indiana