1. Short title This Act may be cited as the Strictly Pay for Efficient and Expedited Delivery of Your COVID-19 Tests Act or the SPEEDY COVID-19 Tests Act . 2. Revision to payment amounts for results of COVID–19 PCR diagnostic panels (a) In general Section 1834A of the Social Security Act ( 42 U.S.C. 1395m–1 ) is amended by adding at the end the following new subsection: (j) Payment for delayed results of COVID–19 PCR diagnostic panels (1) In general In the case of a clinical diagnostic laboratory test that is the CDC 2019 Novel Coronavirus (2019-nCoV) Real-Time Reverse Transcriptase (RT)–PCR Diagnostic Panel , during the emergency period described in section 1135(g)(1)(B) beginning of the date of the enactment of this subsection, subject to paragraph (2), if the laboratory furnishes the result of such test to the physician or provider of services from which such test was ordered— (A) during the period that is not more than 24 hours after such test was so ordered, the amount of payment for such test shall be 125 percent of the amount of payment under this section on the date of the enactment of this subsection; (B) during the period that is more than 24 hours and less than 48 hours after such test was so ordered, the amount of payment for such test shall be 100 percent of the amount of payment under this section on the date of the enactment of this subsection; (C) during the period that is more than 48 hours and less than 72 hours after such test was so ordered, payment for such test shall be 100 percent of the amount of payment under this section on the first date of such emergency period