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United States · Bill · HR

H.R. 1158 (103rd)

Prescription Drug Affordability Act of 1993

referredUnited States· United States Congress· EN

Introduced

1 March 1993

Last action

Status

Referred to the Subcommittee on Health and the Environment.

Sponsors

Subjects

Discovery layer

Source updated

3 June 2026

Summary

Prescription Drug Affordability Act of 1993 - Amends the Internal Revenue Code to reduce the amount by which the possession tax credit exceeds the manufacturer's wage base in the case of manufacturers of single source or innovator multiple source drugs. Allocates additional revenues received in the Treasury as a result of this Act as follows: (1) 75 percent for deficit reduction; and (2) 25 percent for developing or supplementing State prescription drug assistance programs for States with the highest percentage of elderly or poor populations.

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Documents

3 official files

Introduced in House (text)

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