Plain English
GovGreed Synthesis ·
This bill prohibits the use of federal funds to implement, administer, or enforce the final rule issued by the Food and Drug Administration (FDA) titled Medical Devices; Laboratory Developed Tests and published on May 6, 2024, or any substantially similar rule. The rule specifies that laboratory developed tests (medical screening tests developed by laboratories rather than medical device manufacturers) are medical devices subject to FDA regulation with limited exceptions. Prior to the rule, the FDA had exercised discretion as to whether to apply regulations for medical devices to laboratory developed tests.
Top Winners — Our Analysis
DGX
85% confidence
Blocks regulatory burden on LDTs core to lab testing business; Trump holds $1,001-$15,000 per get_executive_branch_exposure; net congressional buys (8 buys vs 4 sells, Khanna D and Letlow R buyers) per get_sector_political_positioning; $703M federal contracts (DoD, HHS etc., 498 contracts) per get_government_precedent
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LH
80% confidence
Blocks regulatory burden on LDTs; Trump holds $1,001-$15,000 and < $1,001, Hegseth $1,001-$15,000 per get_executive_branch_exposure; strongest congressional positioning (37 buys vs 12 sells, Bresnahan R, Khanna D buyers, $590k buy max) per get_sector_political_positioning
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Top winners identified by GovGreed LLM analysis. Full impact map with all affected tickers available to Pro subscribers.
Market Impact Map
Action Timeline
2025-02-21
Referred to the House Committee on Energy and Commerce.
2025-02-21
Introduced in House
2025-02-21
Introduced in House
Full Bill Text
119 HR 1463 IH: To prohibit the use of Federal funds to implement, administer, or enforce a final rule of the Food and Drug Administration relating to “Medical Devices; Laboratory Developed Tests”, and for other purposes. U.S. House of Representatives 2025-02-21 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 1st Session H. R. 1463 IN THE HOUSE OF REPRESENTATIVES February 21, 2025 Mr. Finstad (for himself and Mr. Crenshaw ) introduced the following bill; which was referred to the Committee on Energy and Commerce A BILL To prohibit the use of Federal funds to implement, administer, or enforce a final rule of the Food and Drug Administration relating to Medical Devices; Laboratory Developed Tests , and for other purposes. 1. Prohibition on funding for Food and Drug Administration rule relating to medical devices; laboratory developed tests Notwithstanding any other provision of law, no Federal funds may be used to implement, administer, or enforce the final rule of the Food and Drug Administration relating to Medical Devices; Laboratory Developed Tests that was submitted for publication in the Federal Register on May 6, 2024 (89 Fed. Reg. 37286), or any substantially similar rule.
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