Public Investment Recovery Act of 2000

[AI summary unavailable — showing source text] Public Investment Recovery Act of 2000 - Requires each transaction entered into by a Federal agency under which Federal support is provided for research and development which leads or may lead to the production and sale of a pharmaceutical, biologic, or genetic product to include provisions requiring that payments to recoup a portion of the agency's investment be paid annually to the Federal agency for deposit into a Public Investment Recovery Trust Fund established by this Act. Establishes a Public Investment Recovery Board to: (1) determine the total amount of profits for such a product; and (2) make calculations as required by this Act of the proportion of Federal support for research and development which lead to the production and sale of such a product. Prescribes a formula for determining the percentage of profits required to be paid. Provides for the expiration of payments on the expiration of the initial patent issued for such product. Allows: (1) not more than two percent of amounts in the Trust Fund to be used by the Food and Drug Administration or the National Institutes of Health (NIH) to support research and reports on the comparative efficiency and effectiveness of s…