To amend the Public Health Service Act to establish a moratorium on the registration of certain new 340B hospitals and associated sites, and for other purposes.

340B Protecting Access for the Underserved and Safety-net Entities Act or the 340B PAUSE Act This bill amends the Public Health Service Act to suspend for two years the registration of certain hospitals in the 340B drug pricing program, which requires drug manufacturers to offer discounts on outpatient drugs to registered health care entities. The bill requires certain registered hospitals to report to the Department of Health and Human Services specified information, including the number of individuals receiving discounted drugs and associated costs.