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United States · Bill · HR

H.R. 7497 (93rd)

Prescription Drug Patent Licensing Act

referredUnited States· United States Congress· EN

Introduced

3 May 1973

Last action

3 May 1973 · Introduced

Status

Referred to House Committee on Judiciary.

Sponsors

Rep. Rosenthal, Benjamin S. [D-NY-8], Rep. Abzug, Bella S. [D-NY-20], Rep. Badillo, Herman [D-NY-21], Rep. Bingham, Jonathan B. [D-NY-22], Rep. Brasco, Frank [D-NY-11], Rep. Brown, George E., Jr. [D-CA-42], Rep. Burton, Phillip [D-CA-6], Rep. Chisholm, Shirley [D-NY-12], Rep. Conyers, John, Jr. [D-MI-13], Rep. Corman, James C. [D-CA-21], Rep. Diggs, Charles C., Jr. [D-MI-13], Rep. Edwards, Don [D-CA-10], Rep. Harrington, Michael J. [D-MA-6], Rep. Hawkins, Augustus F. [D-CA-29], Rep. Hechler, Ken [D-WV-4], Rep. Koch, Edward I. [D-NY-18], Rep. McCormack, Mike [D-WA-4], Rep. Moakley, John Joseph [D-MA-9], Rep. Podell, Bertram L. [D-NY-13], Rep. Rees, Thomas M. [D-CA-23], Rep. Roybal, Edward R. [D-CA-25], Rep. Seiberling, John F. [D-OH-14], Rep. Stark, Fortney Pete [D-CA-13], Rep. Stokes, Louis [D-OH-11], Del. Won Pat, Antonio B. [D-GU-At Large]

Subjects

Discovery layer

Source updated

3 September 2025

Official sourceView documentsShare

Summary

Prescription Drug Patent Licensing Act - Requires that, whenever the Federal Trade Commission, upon complaint made to it by a qualified applicant for a license under a drug patent determines through an investigation and hearing that such application for a license was not granted and that the price quoted to druggists by the patentee is more than 500 percent of the total cost of production, the Commission shall order such patentee to grant an unrestricted license to any qualified applicant to make, use, and sell such drug. States that the Commission may delay such order up to five years to provide a fair return on the patentee's invested capital. (Adds 35 U.S.C. 294)

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 3 May 1973

    Introduced

    Referred to House Committee on Judiciary.

    Source: IntroReferral

  2. 3 May 1973

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 3 May 1973

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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Sponsors

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Sources

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