Prescription Drug Affordability Act

To amend the Internal Revenue Code of 1986 with respect to the purchase of prescription drugs by individuals who have attained retirement age, and to amend the Federal Food, Drug, and Cosmetic Act with respect to the importation of prescription drugs and the sale of such drugs through Internet sites.

1/4/2007--Introduced.
Prescription Drug Affordability Act - Amends the Internal Revenue Code to allow a nonrefundable tax credit for 80 percent of the amount paid for a prescribed drug during the taxable year (and not compensated for by insurance or otherwise) by a taxpayer who has attained social security retirement age.
Amends the Federal Food, Drug, and Cosmetic Act (FFDCA) to repeal provisions restricting the importation of prescription drugs. Allows a person who meets applicable legal requirements to be an importer of prescription drugs upon application to the Secretary of Health and Human Services. Requires the Secretary to approve such an application if the drug meets all FFDCA requirements for admission into the United States, including that the drug has been approved by the Food and Drug Administration (FDA) and is not adulterated or misbranded.
Prohibits the Secretary from taking any action against any of the persons involved with the interstate sale of a prescription drug through an Internet site if:
(1) the sale was made in compliance with applicable Federal and State laws; and
(2) accurate information regarding compliance with such laws is posted on the Internet site.


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Sponsor

• Rep. Ronald Paul [R, TX-14]

Committees

• House Energy and Commerce
• 3 more
  • House Energy and Commerce
  • House Ways and Means
  • House Ways and Means
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Amendments

This bill has no amendments.

Amendments to H.R.194

Number	Status	Purpose

Bill Status

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Introduced		Voted on by House		Voted on by Senate		Considered By President		Bill Becomes Law
January 04, 2007

Show All Actions (8 actions)Hide Actions

All Bill Actions

• Feb 02, 2007: Referred to the Subcommittee on Health.
• Jan 18, 2007: Referred to the Subcommittee on Health.
• Jan 05, 2007: Sponsor introductory remarks on measure. (CR E9)
• Jan 05, 2007: Introductory remarks on measure. (CR E9)
• Jan 04, 2007: Referred to House Ways and Means
• Jan 04, 2007: Referred to House Energy and Commerce
• Jan 04, 2007: 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.
• Introduced on Jan 04, 2007.

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Related Issue Areas:

• Medicine
• Administrative procedure
• Aged
• Business
• 29 more
• Consumer education
• Consumers
• Department of Health and Human Services
• Drug approvals
• Drug industry
• Drugs
• Electronic commerce
• Executive departments
• Government information
• Government paperwork
• Imports
• Income tax
• Internet
• Interstate commerce
• Law
• Medical care
• Pharmacies
• Pharmacists
• Prescription pricing
• Retirement age
• State and local government
• State laws
• Tax credits
• Taxation
• Technology
• Telecommunication
• Trade
• Web sites
• Wholesale trade

Data from the Congressional Research Service

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