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Legislative update: Ways and Means drug pricing bill, with tax provision

Ways and Means drug pricing bill, with tax provision

The House Ways and Means Committee on October 22, 2019, approved (by a vote of 24-17) H.R. 3, the Elijah E. Cummings Lower Drug Costs Now Act.

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The bill includes an excise tax on selected drugs during periods in which the manufacturer is not in compliance with certain requirements of a proposed new drug price negotiation program.

Documents

  • Read a description of the bill prepared by the Joint Committee on Taxation: JCX-43-19

  • Read the Ways and Means Chairman’s statement and a statement from the ranking member in opposition to the bill

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