PRICE Act

Bill: 116-hr-6662
Sponsor: Rep. Brown, Anthony G. [D-MD-4]
Introduced: 2020-05-01 in the House
Policy area: Government Operations and Politics
Subjects: Chemical and biological weapons
Congressional committees
Congressional operations and organization
Congressional oversight
Emergency medical services and trauma care
Government studies and investigations
Health facilities and institutions
Health programs administration and funding
Health promotion and preventive care
Health technology, devices, supplies
Infectious and parasitic diseases
Inflation and prices
Intergovernmental relations
Military procurement, research, weapons development
Public contracts and procurement
State and local government operations
Strategic materials and reserves
Terrorism

Summary:
action_date: 2020-05-01
text: 

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.
 
 
 
 


Legislative actions:
action_date: 2020-05-04
text: Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
action_date: 2020-05-01
text: Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, and Rules, 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: 2020-05-01
text: Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, and Rules, 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: 2020-05-01
text: Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, and Rules, 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: 2020-05-01
text: Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, and Rules, 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: 2020-05-01
text: Introduced in House
action_date: 2020-05-01
text: Introduced in House