North Carolina S796 establishes a compact to award prizes for curing diseases.

North Carolina S796 enacts a compact to award prizes for curing diseases. The Solemn Covenant of States Commission, established by the compact, will determine criteria for awarding prizes, including the severity of diseases and the effectiveness of cures. The compact aims to pool financial incentives from multiple states to develop cures for major diseases. States can join the compact, and foreign countries can join as liaison members without voting rights. The compact outlines procedures for prize distribution, ethical standards for research, and dispute resolution processes.

North Carolina S796 establishes a compact to award prizes for curing diseases.

North Carolina S796 enacts a compact to award prizes for curing diseases. The Solemn Covenant of States Commission, established by the compact, will determine criteria for awarding prizes, including the severity of diseases and the effectiveness of cures. The compact aims to pool financial incentives from multiple states to develop cures for major diseases. States can join the compact, and foreign countries can join as liaison members without voting rights. The compact outlines procedures for prize distribution, ethical standards for research, and dispute resolution processes.