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H.R. 2927

Affordable Prescription Drugs Act

Affordable Prescription Drugs Act - Amends Federal patent law to grant the Secretary of Health and Human Services the right to establish compulsory licensing (without authorization of the right holder) for nonexclusive, nonassignable use of certain patented medical inventions upon a determination that: (1) the patent holder, contractor, exclusive licensee, or assignee has not taken, or is not expected to take within a reasonable time, effective steps to achieve practical application of the subject invention in a field of use; (2) such compulsory license is necessary to alleviate health or safety needs which are not adequately satisfied by the patent holder, contractor, licensee, or assignee; or (3) the patented material is priced higher than may be reasonably expected based on criteria developed by the Secretary of Commerce.

Requires any person engaged in the manufacture and sale of any new drug or new animal drug approved under the Federal Food, Drug, and Cosmetic Act, for which a patent is still in effect, to report annually to Congress an audit of all financial information relevant to that drug's pricing nationally and internationally, including research and development costs, sufficient to assess the reasonableness of that pricing. Requires disqualification from participation in Federal programs as a penalty for noncompliance with this reporting requirement.

Sponsor introductory remarks on measure. (CR H1127)

Rep. Brown, Sherrod [D-OH-13](D-OH)Sponsor
11 cosponsors10 D1 I
11cosponsors2committees12actions23subjects
  1. IntroReferralB00100

    Sponsor introductory remarks on measure. (CR H1127)

  2. IntroReferralB00100

    Sponsor introductory remarks on measure. (CR H11148)

  3. IntroReferralB00100

    Sponsor introductory remarks on measure. (CR H10154)

  4. CommitteeH11000

    Referred to the Subcommittee on Health and Environment.

    Health and Environment Subcommittee
  5. CommitteeH11000

    Referred to the Subcommittee on Courts and Intellectual Property.

    Courts, Intellectual Property, Artificial Intelligence, and the Internet Subcommittee
  6. IntroReferralB00100

    Sponsor introductory remarks on measure. (CR H9176-9177)

  7. IntroReferralH11100

    Referred to the Committee on the Judiciary, and in addition to the Committee on Commerce, 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.

    Energy and Commerce Committee
  8. IntroReferralH11100-A

    Referred to the Committee on the Judiciary, and in addition to the Committee on Commerce, 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.

  9. IntroReferralH11100

    Referred to the Committee on the Judiciary, and in addition to the Committee on Commerce, 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.

    Judiciary Committee
  10. IntroReferralB00100

    Sponsor introductory remarks on measure. (CR H8622)

  11. IntroReferralIntro-H

    Introduced in House

  12. IntroReferral1000

    Introduced in House