H.R. 4991 · 117th Congress
Affordable Pricing for Taxpayer-Funded Prescription Drugs Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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DeFazioSponsor11 cosponsors · 11 D
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Cohen
LD
D
Doggett
RG
D
Grijalva
MK
D
Kaptur
RK
D
Khanna
MP
D
Pocan
JS
D
Schakowsky
CP
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Pingree
CG
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García
RD
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DeLauro
MS
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Stansbury7 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Affordable Pricing for Taxpayer-Funded Prescription Drugs Act of 2021
What it does: CRS summary · Introduced in House · Aug 10, 2021
Affordable Pricing for Taxpayer-Funded Prescription Drugs Act of 2021
This bill requires companies that receive federal funding for research (or a license of the rights to a patent or regulatory test data) for a biomedical product or service to agree to set reasonable prices for the resulting biomedical product or service.
The Department of Health and Human Services (HHS) must determine a reasonable price based on a formula that ensures the U.S. price for the product or service is not more than the median price for the product or service in Canada and six other reference countries with, based on specified criteria, large economies and high incomes.
Companies entering these agreements also must report to HHS certain financial information related to the biomedical product or service involved.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Affordable Pricing for Taxpayer-Funded Prescription Drugs Act of 2021
Latest action (Aug 11, 2021): Referred to the Subcommittee on Health.
Policy area: Health · Origin: House · Introduced: Aug 10, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.