Lowering Prescription Drug Prices for America’s Seniors and Families Act of 2020

2/8/2022, 11:23 PM

Congressional Summary of S 3384

Lowering Prescription Drug Prices for America's Seniors and Families Act of 2020

This bill makes a series of changes to requirements relating to prescription drug prices. Among other changes, the bill requires the Centers for Medicare & Medicaid Services to negotiate the prices of certain covered drugs under the Medicare prescription drug benefit, allows individuals to import certain drugs from Canada to fill personal prescriptions, and establishes specific enforcement actions against patent infringement agreements that involve generic drug manufacturers and have anticompetitive effects.

Current Status of Bill S 3384

Bill S 3384 is currently in the status of Bill Introduced since March 3, 2020. Bill S 3384 was introduced during Congress 116 and was introduced to the Senate on March 3, 2020.  Bill S 3384's most recent activity was Read twice and referred to the Committee on Finance. as of March 3, 2020

Bipartisan Support of Bill S 3384

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3384

Primary Policy Focus

Health

Potential Impact Areas

Administrative law and regulatory proceduresAdministrative remediesBusiness ethicsCanadaCivil actions and liabilityCompetition and antitrustDepartment of Health and Human ServicesDrug safety, medical device, and laboratory regulationFederal Trade Commission (FTC)Food and Drug Administration (FDA)Government information and archivesHealth care costs and insuranceHealth information and medical recordsInflation and pricesIntellectual propertyLicensing and registrationsManufacturingMedicarePrescription drugsPublic participation and lobbyingTrade restrictions

Alternate Title(s) of Bill S 3384

Lowering Prescription Drug Prices for America’s Seniors and Families Act of 2020Lowering Prescription Drug Prices for America’s Seniors and Families Act of 2020A bill to allow for negotiation of prices for certain covered Medicare part D drugs, to allow for importation by individuals of prescription drugs from Canada, to preserve access to affordable generics and biosimilars, to increase the use of real-time benefit tools to lower beneficiary costs, to establish a manufacturer discount program, and for other purposes.
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Sponsors and Cosponsors of S 3384

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