By Katie Reilly
President Obama on Tuesday afternoon will sign the 21st Century Cures Act, which passed Congress with bipartisan support.
The bill speeds up the approval process for new drugs and medical devices and expands funding for medical research, including the “cancer moonshot” initiative led by Vice President Joe Biden. The funding will also aid research on opioid abuse and brain diseases, including Alzheimer’s.
Obama and Biden are scheduled to deliver remarks about the bill at about 2 p.m. E.T. Watch it live above.
More Must-Reads From TIME
- Jane Fonda Champions Climate Action for Every Generation
- Biden’s Campaign Is In Trouble. Will the Turnaround Plan Work?
- Why We're Spending So Much Money Now
- The Financial Influencers Women Actually Want to Listen To
- Breaker Sunny Choi Is Heading to Paris
- Why TV Can’t Stop Making Silly Shows About Lady Journalists
- The Case for Wearing Shoes in the House
- Want Weekly Recs on What to Watch, Read, and More? Sign Up for Worth Your Time
Write to Katie Reilly at Katie.Reilly@time.com