United States · Bill · HR
H.R. 1492 (119th)
To amend title XI of the Social Security Act to equalize the negotiation period between small-molecule and biologic candidates under the Drug Price Negotiation Program.
Introduced
21 February 2025
Last action
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Status
Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sponsors
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Subjects
Discovery layer
Source updated
17 July 2026
Summary
This bill lengthens the amount of time for which drug products must have market approval in order for the products to qualify for negotiation under the Medicare Drug Price Negotiation Program. The Medicare Drug Price Negotiation Program requires the Centers for Medicare & Medicaid Services to negotiate the prices of certain prescription drugs under Medicare beginning in 2026. Among other requirements, drugs must have had market approval for at least 7 years (for drug products) or 11 years (for biologics) to qualify for negotiation. The bill modifies these provisions so as to require drug products to also have had at least 11 years of market approval in order to qualify for negotiation. The bill's changes apply retroactively.
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Documents
2 official files
Introduced in House
Introduced in House
Introduced in House · EN · 21 February 2025
Introduced in House
summary · EN · 21 February 2025
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Sources
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- Official source: https://www.congress.gov/bill/119th-congress/house-bill/1492
- Open data entity: https://api.congress.gov/v3/bill/119/hr/1492