PRICE Act

To authorize the Administrator of the Federal Emergency Management Agency to become the sole owner and distributer of certain medical equipment in the event of a covered emergency, to establish a Joint Congressional Committee on Defense Production, and for other purposes. 1. Short title This Act may be cited as the Pandemic Response and Interstate Cost Equity Act PRICE Act 2. Administrator as owner and distributer of certain medical equipment (a) In general In the event of a covered emergency, the Administrator shall become the sole owner and distributer of medical equipment obtained by the Federal Government pursuant to this Act for which the prevailing market price exceeds the fair market price by more than 15 percent and is required to address the covered emergency. (b) Assessment of medical equipment To carry out subsection (a), the Secretary of Health and Human Services, in consultation with the Administrator and other Federal agencies or departments as considered necessary, shall conduct an assessment of available medical equipment, including— (1) identifying the medical equipment required to address the covered emergency for which the prevailing market price exceeds the fair market price by more than 15 percent; (2) assessing the amount of such medical equipment available to respond to the covered emergency, including the amount of such medical equipment available in the Strategic National Stockpile; and (3) determining the amount of such medical equipment still needed to respond to the covered emergency. (c) Contract To produce medical equipment Following the assessment under subsection (b), the Administrator, in consultation with the Secretary of Health and Human Services and the Secretary of Defense, shall— (1) create and execute an indefinite delivery-indefinite quantity contract with all persons capable of producing such medical equipment to— (A) respond to the covered emergency; and (B) following the covered emergency, replenish the Strategic National Stockpile to a level acceptable to respond to a future public health emergency or other covered emergency; (2) require that all contracts created and executed under this section supersede any existing contracts such persons have already created or executed; and (3) establish a price for such medical equipment to be resold to the States or other persons. (d) Sale or distribution of certain medical equipment The Administrator shall sell or otherwise distribute medical equipment to the States or to persons that request such medical equipment, giving consideration to— (1) requests for medical equipment under subsections (e) and (f); (2) the continuity of operations of the Federal government; and (3) consultation with public health officials, as may be necessary. (e) State request for medical equipment To request an allocation of medical equipment, a State shall submit to the Administrator a request for medical equipment, including— (1) the number of impacted individuals in each State, disaggregated by condition and the severity of such condition— (A) on the date the request is submitted to the Administrator; (B) as projected at 14 days from the date the request is submitted to the Administrator; and (C) as projected at 60 days from the date the request is submitted to the Administrator; (2) existing health system medical equipment; (3) medical equipment possessed by the State; (4) an estimate of the quantity of medical equipment required to diagnose and treat the condition for which the covered emergency is in effect; and (5) any additional information as determined necessary by the Administrator. (f) Other requests for medical equipment The Administrator shall establish a process under which a person may request medical equipment to respond to the covered emergency. (g) Post-Emergency distribution of medical equipment Upon the termination of the covered emergency, the Administrator shall distribute any medical supplies not sold or otherwise distributed to the States or any person to the Strategic National Stockpile. 3. Reports to the Congress (a) Biweekly report (1) In general Not less than 14 days after the date a covered emergency is in effect, and not less than every 14 days thereafter until the date that is 30 days after the date on which the covered emergency is terminated, the Administrator shall submit to the Congress a report on the activities carried out under this Act. (2) Content The report required under paragraph (1) shall include— (A) information on the number of impacted individuals, disaggregated by State, condition, and severity of such condition— (i) on the date the report is submitted to the Congress; (ii) as projected at 14 days from the date the report is submitted to the Congress; and (iii) as projected at 60 days from the date the report is submitted to the Congress; (B) the amount of medical equipment still needed to diagnose and treat the condition for which the covered emergency is in effect, disaggregated by State; (C) requests submitted by the States or by persons under section 2; (D) information on the contracts created and executed under section 2; (E) the amount of medical equipment resold or distributed by the Federal Government, including the allocation and projected allocation of government and existing health system medical equipment, disaggregated by State— (i) on the date the report is submitted to the Congress; (ii) as projected at 14 days from the date the report is submitted to the Congress; and (iii) as projected at 60 days from the date the report is submitted to the Congress; and (F) other Federal contracts for medical equipment entered into outside of section 2. (b) Final report (1) In general Not later than 60 days after the termination of the covered emergency, the Administrator shall submit to the Congress a report on the activities carried out under this Act. (2) Content The report required under paragraph (1) shall include— (A) the content from the biweekly reports submitted to the Congress under subsection (a); (B) the current status of the Strategic National Stockpile, including the inventory of medical equipment and the projected quantity of medical equipment required to mitigate a future public health emergency or other covered emergency; and (C) an assessment of actions that Federal, State, and local governments should take to build resiliency to prevent, detect, treat, and mitigate a public health emergency or other covered emergency. 4. Funding Amounts available in the Defense Production Act Fund under section 304 of the Defense Production Act of 1950 ( 50 U.S.C. 4534 5. Establishment of Joint Congressional Committee (a) Establishment and membership (1) In general There is established a Joint Committee on Defense Production (referred to in this section as the Committee (A) five members of the Committee on Financial Services of the House of Representatives, with three members from the majority party and two from the minority party, to be appointed by the chairman of the Committee on Financial Services; and (B) five members of the Committee on Banking, Housing, and Urban Affairs of the Senate, with three members from the majority party and two from the minority party, to be appointed by the chairman of the Committee on Banking, Housing, and Urban Affairs. (2) Chairman and vice chairman The Committee shall elect a chairman and a vice chairman from among its members, one of whom shall be a member of the House of Representatives and the other a member of the Senate. (3) Vacancy A vacancy in the membership of the Committee shall be filled in the same manner as the original selection. (b) Powers The Committee, or any duly authorized subcommittee thereof, is authorized to hold such hearings, to sit and act at such times and such places, to require by subpoena (to be issued under the signature of the chairman or vice chairman of the Committee) or otherwise the attendance of such witnesses and the production of such books, papers, and documents, to administer such oaths, to take such testimony, to procure such printing and binding, and to make such expenditures as it considers advisable. (c) Duties The Committee shall be responsible for the continuous study of the programs authorized by this Act, and to review the progress achieved in the execution and administration of such programs. Upon request, the Committee shall aid the standing committees of the Congress having legislative jurisdiction over any part of the programs authorized by this Act; and it shall make a report to the House of Representatives and the Senate, from time to time, concerning the results of its studies, together with such recommendations as it may consider desirable. (d) Information from Federal agencies and departments Any department, official, or agency administering any of such programs shall, at the request of the Committee, consult with the Committee, from time to time, with respect to their activities under this Act. (e) Expenses The expenses of the Committee, which shall not exceed $750,000 in any fiscal year, shall be paid one-half from the contingent fund of the House of Representatives and one-half from the contingent fund of the Senate upon vouchers signed by the chairman or vice chairman. 6. Definitions In this Act: (1) Administrator The term Administrator (2) Covered emergency The term covered emergency (A) a disease or disorder presents an emergency that affects the United States; or (B) a public health emergency exists, including a significant outbreak of an infectious disease or a bioterrorist attack. (3) Existing health system medical equipment The term existing health system medical equipment (4) Fair market price The term fair market price (5) Hospital The term hospital 42 U.S.C. 1395x(e) (6) Impacted individuals The term impacted individuals (A) diagnosed with a condition for which the public health emergency has been issued; (B) that is experiencing symptoms consistent with the condition for which the covered emergency has been issued and is seeking a medical diagnosis; (C) that has been identified as having been exposed to a bioterrorist attack; or (D) otherwise meets criteria determined by the Administrator during the covered emergency period. (7) Indefinite delivery-indefinite quantity contract The term indefinite delivery-indefinite quantity contract (8) Indian tribe The term Indian tribe 25 U.S.C. 5304 (9) Medical equipment The term medical equipment (A) N95 respirators; (B) medical ventilators; (C) face shields; (D) medical exam gloves; (E) surgical gowns; (F) diagnostic tests; and (G) such other medical equipment as the Administrator determines to be necessary. (10) National emergency The term national emergency 50 U.S.C. 1601 (11) Operations of the Federal government The term operations of the Federal government (A) the activities and operations of any Federal department or agency that is substantially concerned with the operations or activities required to respond to a public health emergency; and (B) the activities and operations of the Armed Forces. (12) Person The term person 50 U.S.C. 4552 (13) Prevailing market price The term prevailing market price (14) Public health emergency The term public health emergency 42 U.S.C. 247d (15) State The term State (16) Strategic National Stockpile The term Strategic National Stockpile 42 U.S.C. 247d–6b (17) Territory The term territory

Summary: Pandemic Response and Interstate Cost Equity Act or the PRICE Act This bill establishes the Federal Emergency Management Agency (FEMA) as the sole buyer, vendor, owner, and distributor of certain medical equipment obtained by the federal government in the event of a national health emergency and establishes a process for the pricing and distribution of such equipment. Specifically, in the event of such an emergency, the Department of Health and Human Services shall assess available medical equipment and FEMA shall (1) become the sole owner and distributor of medical equipment obtained by the federal government for which the prevailing market price exceeds the fair market price by more than 15%, (2) contract with all persons capable of producing such equipment to produce such equipment, and (3) establish a price for such equipment and sell or otherwise distribute the equipment to the states or to persons that request it. The bill establishes in Congress a Joint Committee on Defense Production.