Prescription Drug Affordability Act

Summary

Prescription Drug Affordability Act - Amends the Internal Revenue Code to provide that, in the case of an individual who has attained Social Security retirement age, there shall be allowed a tax credit equal to 80 percent of the amount paid by the taxpayer (and not compensated for by insurance or otherwise) for any prescribed drug the individual uses. Amends the Federal Food, Drug, and Cosmetic Act (FDCA) and the Medicine Equity and Drug Safety Act of 2000 to repeal certain drug reimportation provisions and authority for the importation of a prohibited drug required for emergency medical care. Permits a person who meets applicable legal requirements to be an importer of drugs to import (without regard to whether the person is a manufacturer of the drug) certain Food and Drug Administration-approved new drugs, which are neither adulterated nor misbranded, and which require a prescription, if the person submits an drug import application and the Secretary approves the application. Prohibits the Secretary from taking any action under the FDCA with respect to the interstate sale of a prescription drug through an Internet site, if the sale was made in compliance with the FDCA and with applicable State laws, and accurate information regarding compliance with the FDCA and such State laws is posted on the site.

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Timeline

1. 2 August 2001

   Introduced

   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.

   Source: IntroReferral

2. 2 August 2001

   Introduced

   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.

   Source: IntroReferral

3. 2 August 2001

   Introduced

   Introduced in House

   Source: IntroReferral

4. 2 August 2001

   Introduced

   Introduced in House

   Source: IntroReferral

5. 3 August 2001

   Introduced

   Sponsor introductory remarks on measure. (CR E1542)

   Source: IntroReferral

6. 8 August 2001

   Referred

   Referred to the Subcommittee on Health.

   Source: Committee

7. 16 August 2001

   Referred

   Referred to the Subcommittee on Health.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 August 2001 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 August 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 August 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 August 2001

  Open at official source

Sponsors

• Rep. Paul, Ron [R-TX-22] · R · Sponsor
• Rep. Schaffer, Bob [R-CO-4] · R · Sponsor
• · hsif00 · Standing
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.