PRICE Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jun 1, 2020)
Pandemic Response and Interstate Cost Equity Act or the PRICE Act
This bill establishes the Federal Emergency Management Agency (FEMA) as the sole buyer, vendor, owner, and distributor of certain medical equipment obtained by the federal government in the event of a national health emergency and establishes a process for the pricing and distribution of such equipment.
Specifically, in the event of such an emergency, the Department of Health and Human Services shall assess available medical equipment and FEMA shall (1) become the sole owner and distributor of medical equipment obtained by the federal government for which the prevailing market price exceeds the fair market price by more than 15%, (2) contract with all persons capable of producing such equipment to produce such equipment, and (3) establish a price for such equipment and sell or otherwise distribute the equipment to the states or to persons that request it.
The bill establishes in Congress a Joint Committee on Defense Production.
What just happenedJun 1, 2020
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Who’s behind it
- Introduced in SenateJun 1, 2020
- Jun 1, 2020IntroReferral
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
Homeland Security and Governmental Affairs Committee - Jun 1, 2020IntroReferral10000
Introduced in Senate