Fair Advertising and Increased Research (FAIR) Act

Summary

Fair Advertising and Increased Research Act - Amends the Internal Revenue Code to prohibit any drug manufacturer from taking a tax deduction for expenditures relating to the advertising, promoting, or marketing of any FDA prescription drug to the extent the aggregate amount of such expenditures exceeds the manufacturer's aggregate research and development expenditures. Directs the Secretary of the Treasury to estimate amount of additional tax revenues raised by enforcement of the Act, to be allocated to the Federal Hospital Insurance Trust Fund.

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Timeline

1. 8 May 2002

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4077-4078)

   Source: IntroReferral

2. 8 May 2002

   Introduced

   Sponsor introductory remarks on measure. (CR S4077)

   Source: IntroReferral

3. 8 May 2002

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 18 July 2002

   Introduced

   Sponsor introductory remarks on measure. (CR S6968-6969)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 8 May 2002 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 8 May 2002

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 8 May 2002

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 8 May 2002

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Stabenow, Debbie [D-MI] · D · Sponsor
• Sen. Daschle, Thomas A. [D-SD] · D · Sponsor
• Sen. Miller, Zell [D-GA] · D · Sponsor
• Sen. Durbin, Richard J. [D-IL] · D · Sponsor
• Sen. Carnahan, Jean [D-MO] · D · Sponsor
• Sen. Wellstone, Paul D. [D-MN] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → Fair Advertising and Increased Research (FAIR) Act