United States · Bill · HR
H.R. 1588 (103rd)
To amend the Internal Revenue Code of 1986 to impose a windfall profit tax on certain drugs for rare diseases or conditions if they become excessively profitable, and for other purposes.
Introduced
1 April 1993
Last action
—
Status
Sponsor introductory remarks on measure. (CR H1883-1884)
Sponsors
—
Subjects
Discovery layer
Source updated
2 January 2025
Summary
Amends the Internal Revenue Code to impose a windfall profits tax (after recovery of the total investment in drug development) on the profits from orphan drugs for rare diseases or conditions.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
No timeline events have been ingested for this record yet.
Votes
No vote records are attached yet.
Versions
No version snapshots stored. Document URLs remain at the source.
Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 1 April 1993
Introduced in House (PDF)
Introduced in House · EN · 1 April 1993
Introduced in House
summary · EN · 1 April 1993
Sponsors
No sponsors or actors listed by the source.
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/103rd-congress/house-bill/1588
- Open data entity: https://api.congress.gov/v3/bill/103/hr/1588