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S. 474 · 116th Congress

Stopping the Pharmaceutical Industry from Keeping drugs Expensive (SPIKE) Act of 2019

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

RWD WydenSponsor
12 cosponsors · 12 D

Stopping the Pharmaceutical Industry from Keeping Drugs Expensive (SPIKE) Act of 2019

What it does: CRS summary · Introduced in Senate · Feb 13, 2019

Stopping the Pharmaceutical Industry from Keeping Drugs Expensive (SPIKE) Act of 2019

This bill requires manufacturers of drugs with specified percentage increases in their wholesale costs to submit to the Centers for Medicare & Medicaid Services (CMS) written justification for certain increases in drug prices. The CMS shall publish each submission, together with an easily understandable summary, on its website. Certain proprietary information may be excluded from publication, as specified by the bill.

A manufacturer that does not comply with the bill's requirements shall be subject to civil monetary penalties.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Stopping the Pharmaceutical Industry from Keeping drugs Expensive (SPIKE) Act of 2019

Latest action (Feb 13, 2019): Read twice and referred to the Committee on Finance.

Policy area: Health · Origin: Senate · Introduced: Feb 13, 2019

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.