# 116-hr-7555: To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.

116-hr-7555, To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities., is a 116th Congress bill sponsored by Rep. Nunes, Devin [R-CA-22] (R-CA); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-7555
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-7555
- Congress: 116
- Title: To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2020-07-09
- Sponsor: Rep. Nunes, Devin [R-CA-22] (R-CA)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill allows a new research tax credit amount for 14% of specified medical research expenditures. It defines specified medical research expenditures as amounts paid for any qualified research with respect to any qualified countermeasure. A qualified countermeasure is a drug, biological product, or device that is determined to be a priority (1) to diagnose, mitigate, prevent, or treat harm from any biological agent (including organisms that cause an infectious disease) or toxin, chemical, radiological, or nuclear agent that may cause a public health emergency affecting national security; (2) to diagnose, mitigate, prevent, or treat harm from a condition that may result in adverse health consequences or death and may be caused by administering a drug, biological product, or device; or (3) is a product or technology intended to enhance the use or effect of a drug, biological product, or device. The bill also sets forth a special rule for treatment of specified medical research expenditures paid or incurred in taxable years beginning before January 1, 2021.

## Related bills

- 116-hr-8986: To designate the facility of the United States Postal Service located at 120 4th Street in Petaluma, California, as the "Lynn C. Woolsey Post Office Building".
- 116-hr-7905: EASE Act
- 116-hr-7787: Invest Now Act
- 116-hr-7556: To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.
- 116-hr-7278: JUSTICE Act
- 116-hr-7181: Holding China Accountable Act

## Sources
- [116-hr-7555 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7555)

## Related
- [116-hr-8986: To designate the facility of the United States Postal Service located at 120 4t…](https://policyrisk.com/legislation/116-hr-8986)
- [116-hr-7905: EASE Act](https://policyrisk.com/legislation/116-hr-7905)
- [116-hr-7787: Invest Now Act](https://policyrisk.com/legislation/116-hr-7787)
- [116-hr-7556: To amend the Internal Revenue Code of 1986 to make a portion of research credit…](https://policyrisk.com/legislation/116-hr-7556)
- [116-hr-7278: JUSTICE Act](https://policyrisk.com/legislation/116-hr-7278)
- [116-hr-7181: Holding China Accountable Act](https://policyrisk.com/legislation/116-hr-7181)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7555 (as of 2025-11-18).