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Fair Accountability and Innovative Research Drug Pricing Act of 2021

USA117th CongressS-898| Senate 
| Updated: 3/23/2021
Tammy Baldwin

Tammy Baldwin

Democratic Senator

Wisconsin

Cosponsors (5)
Mike Braun (Republican)Angus S. King (Independent)Tina Smith (Democratic)John Hoeven (Republican)Lisa Murkowski (Republican)

Health, Education, Labor, and Pensions Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Fair Accountability and Innovative Research Drug Pricing Act of 20 21 This bill requires manufacturers to report about certain price increases for prescription drugs and biological products with a wholesale cost of at least $100 per month. Such reports must include, among other information (1) the percentage price increase, (2) a justification for such increase, (3) the price history of the drug, (4) the total cost to develop the drug, and (5) the total revenue and net profit generated from the drug.
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Timeline

Bill from Previous Congress

S 116-1391
Fair Accountability and Innovative Research Drug Pricing Act of 2019
Mar 23, 2021
Introduced in Senate
Mar 23, 2021
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  • Bill from Previous Congress

    S 116-1391
    Fair Accountability and Innovative Research Drug Pricing Act of 2019


  • March 23, 2021
    Introduced in Senate


  • March 23, 2021
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Health

Related Bills

  • HR 117-9655: Medicare for America Act of 2019
  • HR 117-19: Lower Costs, More Cures Act of 2021
Business recordsCivil actions and liabilityCongressional oversightConsumer affairsCorporate finance and managementGovernment information and archivesGovernment studies and investigationsHealth care costs and insuranceInflation and pricesManufacturingMarketing and advertisingMedical researchPrescription drugsResearch and development

Fair Accountability and Innovative Research Drug Pricing Act of 2021

USA117th CongressS-898| Senate 
| Updated: 3/23/2021
Fair Accountability and Innovative Research Drug Pricing Act of 20 21 This bill requires manufacturers to report about certain price increases for prescription drugs and biological products with a wholesale cost of at least $100 per month. Such reports must include, among other information (1) the percentage price increase, (2) a justification for such increase, (3) the price history of the drug, (4) the total cost to develop the drug, and (5) the total revenue and net profit generated from the drug.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-1391
Fair Accountability and Innovative Research Drug Pricing Act of 2019
Mar 23, 2021
Introduced in Senate
Mar 23, 2021
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  • Bill from Previous Congress

    S 116-1391
    Fair Accountability and Innovative Research Drug Pricing Act of 2019


  • March 23, 2021
    Introduced in Senate


  • March 23, 2021
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Tammy Baldwin

Tammy Baldwin

Democratic Senator

Wisconsin

Cosponsors (5)
Mike Braun (Republican)Angus S. King (Independent)Tina Smith (Democratic)John Hoeven (Republican)Lisa Murkowski (Republican)

Health, Education, Labor, and Pensions Committee

Health

Related Bills

  • HR 117-9655: Medicare for America Act of 2019
  • HR 117-19: Lower Costs, More Cures Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business recordsCivil actions and liabilityCongressional oversightConsumer affairsCorporate finance and managementGovernment information and archivesGovernment studies and investigationsHealth care costs and insuranceInflation and pricesManufacturingMarketing and advertisingMedical researchPrescription drugsResearch and development