New York S00351 establishes an interstate compact to award prizes for curing diseases.

New York S00351 creates the Solemn Covenant of the States Commission to award prizes for curing diseases. The commission will determine criteria for diseases eligible for prizes, establish ethical standards for research, and manage prize funds. States and the federal government can join the compact, with states paying annual membership dues. The commission will evaluate treatments, award prizes, and ensure cures are made widely available. It will also collect royalty fees from manufacturers in non-compacting states and foreign countries.

New York S00351 establishes an interstate compact to award prizes for curing diseases.

New York S00351 creates the Solemn Covenant of the States Commission to award prizes for curing diseases. The commission will determine criteria for diseases eligible for prizes, establish ethical standards for research, and manage prize funds. States and the federal government can join the compact, with states paying annual membership dues. The commission will evaluate treatments, award prizes, and ensure cures are made widely available. It will also collect royalty fees from manufacturers in non-compacting states and foreign countries.