Prescription Drug Affordability Act

Bill: 108-hr-616
Sponsor: Rep. Paul, Ron [R-TX-14]
Introduced: 2003-02-05 in the House
Policy area: Health
Subjects: Administrative procedure
Commerce
Consumer education
Department of Health and Human Services
Drug approvals
Drug industry
Drugs
Electronic commerce
Foreign Trade and International Finance
Government Operations and Politics
Government paperwork
Imports
Income tax
Internet
Interstate commerce
Law
Pharmacies
Pharmacists
Prescription pricing
Retirement age
Science, Technology, Communications
Social Welfare
State laws
Tax credits
Taxation
Web sites
Wholesale trade

Summary:
action_date: 2003-02-05
text: Prescription Drug Affordability Act - Amends the Internal Revenue Code to provide that, in the case of an individual who has attained Social Security retirement age, there shall be allowed a tax credit equal to 80 percent of the amount paid by the taxpayer (and not compensated for by insurance or otherwise) for any prescribed drug the individual uses.
Amends the Federal Food, Drug, and Cosmetic Act (FDCA) and the Medicine Equity and Drug Safety Act of 2000 to repeal certain drug reimportation provisions and authority for the importation of a prohibited drug required for emergency medical care. Permits a person who meets applicable legal requirements to be an importer of drugs to import (without regard to whether the person is a manufacturer of the drug) certain Food and Drug Administration-approved new drugs, which are neither adulterated nor misbranded, and which require a prescription, if the person submits an drug import application and the Secretary approves the application.
Prohibits the Secretary from taking any action under the FDCA with respect to the interstate sale of a prescription drug through an Internet site, if the sale was made in compliance with the FDCA and with applicable State laws, and accurate information regarding compliance with the FDCA and such State laws is posted on the site.

Legislative actions:
action_date: 2003-02-14
text: Referred to the Subcommittee on Health.
action_date: 2003-02-12
text: Referred to the Subcommittee on Health.
action_date: 2003-02-12
text: Sponsor introductory remarks on measure. (CR E190)
action_date: 2003-02-05
text: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2003-02-05
text: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2003-02-05
text: Referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2003-02-05
text: Introduced in House
action_date: 2003-02-05
text: Introduced in House