In a move long sought by manufacturers, the bill to replace Obamacare recently unveiled by Republicans would repeal the 2.3 percent medical device tax.

The proposed American Health Care Act was approved by both the House Ways and Means Committee and House Energy and Commerce Committee. It now awaits a vote on the House floor.

Under the bill, the permanent repeal would take effect on Jan. 1, 2018. The device tax was suspended more than two years ago following opposition from industry.