Bill > A01265

This bill establishes the "Solemn Covenant of the States to Award Prizes for Curing Diseases Interstate Compact", a comprehensive framework for incentivizing medical research and development of treatments for major diseases. The compact creates a multi-state commission that will establish prize mechanisms for developing cures, with key provisions including: creating prizes for at least ten major diseases based on criteria like disease severity and public health expenses; requiring treatments to meet specific standards such as FDA approval and significant survival rate improvements; establishing a mechanism for awarding substantial financial prizes funded by estimated future public health expense savings; transferring intellectual property rights to the commission upon prize acceptance; and creating a governance structure with detailed rules for membership, voting, ethics, and dispute resolution. The commission will be governed by representatives from compacting states, with the ability to set ethical research standards, calculate potential savings, and distribute prizes. States can join the compact voluntarily, and the commission will operate with provisions for transparency, financial accountability, and potential withdrawal of member states. The bill aims to pool resources and create a collaborative approach to incentivizing medical research across multiple states, with the ultimate goal of developing cures for devastating diseases.

Health and Social Services

https://www.nysenate.gov/legislation/bills/2025/A1265