Affordable Pricing for Taxpayer-Funded Prescription Drugs Act of 2023

Summary

Affordable Pricing for Taxpayer-Funded Prescription Drugs Act of 202 3 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.

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Timeline

1. 5 May 2023

   Introduced

   Referred to the House Committee on Energy and Commerce.

   Source: IntroReferral

2. 5 May 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 May 2023

   Introduced

   Introduced in House

   Source: IntroReferral

4. 12 May 2023

   Referred

   Referred to the Subcommittee on Health.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 5 May 2023 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 May 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 5 May 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 5 May 2023

  Open at official source

Sponsors

• Rep. Hoyle, Val T. [D-OR-4] · D · Sponsor
• Rep. Doggett, Lloyd [D-TX-37] · D · Sponsor
• Rep. Cohen, Steve [D-TN-9] · D · Sponsor
• Rosa DeLauro · D · Sponsor
• Jesús García · D · Sponsor
• Raúl Grijalva · D · Sponsor
• Rep. Jayapal, Pramila [D-WA-7] · D · Sponsor
• Marcy Kaptur · D · Sponsor
• Rep. Khanna, Ro [D-CA-17] · D · Sponsor
• Del. Norton, Eleanor Holmes [D-DC-At Large] · D · Sponsor
• Rep. Pingree, Chellie [D-ME-1] · D · Sponsor
• Rep. Pocan, Mark [D-WI-2] · D · Sponsor
• Rep. Schakowsky, Janice D. [D-IL-9] · D · Sponsor
• Rep. Stansbury, Melanie A. [D-NM-1] · D · Sponsor
• Jill Tokuda · D · Sponsor
• Rep. Casar, Greg [D-TX-35] · D · Cosponsor
• Mark Takano · D · Cosponsor
• Rep. Magaziner, Seth [D-RI-2] · D · Cosponsor
• Rep. Tlaib, Rashida [D-MI-12] · D · Cosponsor
• · hsif00 · Standing

Related records

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