The new draft of the Sunshine Act is circulating in Congress. The new version of the bill includes federal preemption of new state laws; creates a $500 threshold per year; excludes gifts for patient-only benefit, such as educational materials, textbooks, models and charts; and applies only to direct industry payments for education when solicited by a physician or directed by grantor. Several other provisions still remain in flux, including the definition of "transfer of value" and how to treat research grants. The ACC is working closely with Congress on this legislation.