The "Cure Act" is proposed legislation in South Carolina that aims to create a multistate compact for awarding significant cash prizes for successful cures of specific diseases. It introduces Chapter 140 to Title 44 of the South Carolina Code of Laws, establishing the Cure Compact Commission, which will evaluate treatments, award prizes, and manage the distribution and pricing of cures. The commission will have the authority to adopt bylaws, set criteria for eligible diseases, and determine the financial responsibilities of member states regarding prize payments. It will also ensure transparency and accountability in its operations, including the management of funds related to prize awards.

Additionally, the bill outlines the commission's operational framework, including the appointment of an executive director, the establishment of a management committee, and the requirement for annual financial audits. It specifies that the commission will be exempt from state taxes and includes provisions for states to join or withdraw from the compact. The commission will also have immunity from liability and will review state laws annually to ensure compliance with ethical standards. The act is set to take effect upon the Governor's approval, aiming to foster medical innovation and enhance public health outcomes through collaborative state efforts.