Protect Drug Innovation Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jun 22, 2023)
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.
What just happenedJun 22, 2023
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateJun 22, 2023
- Jun 22, 2023IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jun 22, 2023IntroReferral10000
Introduced in Senate