119th Congress · Senate bill · Last action Jul 23, 2026
S. 5127In CommitteeTaxation
Harley Jacobsen Clinical Trial Participant Income Exemption Act of 2026
Sponsor: Sen. Banks, Jim (R-IN)2 cosponsorsIntroduced Jul 23, 2026
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In plain English
Sen. Jim Banks (R-IN) sponsored this bill to exclude compensation paid to clinical trial participants from federal income taxation. The bill also specifies that clinical trial compensation is not counted when determining eligibility for federal benefit programs or calculating adjusted gross income for tax purposes.
What’s in the bill (2 sections)
- Sec. 2. Exclusion of compensation provided to participants in clinical
- Sec. 3. Clinical trial compensation not taken into account for purposes
Generated by ThePolitibase from the bill text and CRS summary. Read the official text →
Where it is in the process
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Introduced
Jul 23
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Senate committee
Jul 23
3
Senate floor
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4
House
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5
Signed
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What happens next: Sits in committee. Needs a markup or favorable report to advance to the Senate floor.
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Sponsor
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Cosponsors (2)
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RS
1 Democrat, 1 Republican (of 2 shown).
Activity timeline
Jul 23
Jul 23
Jul 23
Read twice and referred to the Committee on Finance.
Jul 23
Jul 23
Jul 23
Introduced in Senate
Read the bill text
Official text via Congress.gov. Opens in a new tab.
Full action log
All 2 recorded actions since introduction · Source: Congress.gov
Jul 23
SENATERead twice and referred to the Committee on Finance.
Jul 23
Introduced in Senate
All 2 cosponsors
1 Democrat · 1 Republican
Democrats (1)
Republicans (1)
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