UPDATED Dec. 18, 2015, with news of Senate approval.
The U.S. Senate today approved a $1.8 trillion spending and tax package, including a 2-year moratorium on the medical device tax.
The Senate voted 65-33 to approve the omnibus bill and its pause on the 2.3% levy on U.S. sales of medical devices. The measure would also do away with a 40-year-old ban on U.S. crude oil exports.
President Barack Obama has said he would sign the measures into law.
The 2-year pause on the medical device tax, a 2.3% levy on all U.S. sales of medical devices, is estimated to cost $3.4 billion, according to the Joint Committee on Taxation.
Material from Reuters was used in this report.