S 476 · 118th Congress · Health

Maintaining Investments in New Innovation Act

Introduced 2023-02-16· Sponsored by Sen. Menendez, Robert [D-NJ]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2023-02-16)

Plain Language Summary

[AI summary unavailable — showing source text] Maintaining Investments in New Innovation Act This bill requires drug products with genetically targeted technology to have had market approval for at least 11 years in order to qualify for the Medicare Drug Price Negotiation Program. (The program requires the Centers for Medicare & Medicaid Services to negotiate the prices of certain prescription drugs under Medicare beginning in 2026. Among other requirements, drugs must have had market approval for at least 7 years (for drug products) or 11 years (for biologics) to qualify for negotiation.)…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

3 Republicans