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United States · Bill · S

S. 4953 (117th)

Protect Drug Innovation Act

referredUnited States· United States Congress· EN

Introduced

27 September 2022

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

7 April 2025

Summary

Protect Drug Innovation Act This bill repeals several programs and requirements that were enacted under the Inflation Reduction Act of 2022 relating to the prices of prescription drugs, including (1) the Medicare Drug Price Negotiation Program, (2) provisions that require drug manufacturers to issue rebates for certain drugs under Medicare for which prices increase faster than inflation, and (3) provisions that cap annual out-of-pocket spending under the Medicare prescription drug benefit.

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Documents

3 official files

Introduced in Senate (text)

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Sources

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