S5127Referred to Committee

A bill to amend the Internal Revenue Code of 1986 to exclude from gross income certain compensation to clinical trial participants, and for other purposes.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-07-23
Introduced
1
Cosponsors
S
Type

Sponsor

Jim Banks
Jim Banks
Republican · IN · Senator
Votes with party: 76.2% (865 recorded votes)

Full profile: /officials/B001299

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Finance.

2026-07-23

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

People who participate in medical research studies would not have to pay income taxes on the money they receive as compensation for their participation. This change would apply to clinical trial payments, making it easier for individuals to volunteer for medical research without worrying about tax consequences on those earnings. The change affects both the participants who volunteer for studies and the medical research companies or institutions that conduct the trials.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

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