No Handouts for Drug Advertisements Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1785 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1785 To amend the Internal Revenue Code of 1986 to deny the deduction for advertising and promotional expenses for certain drugs. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 15, 2025 Mr. Hawley (for himself and Mrs. Shaheen) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to deny the deduction for advertising and promotional expenses for certain drugs. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``No Handouts for Drug Advertisements Act''. SEC. 2. DISALLOWANCE OF DEDUCTION FOR ADVERTISING AND PROMOTIONAL EXPENSES FOR CERTAIN DRUGS. (a) In General.--Part IX of subchapter B of chapter 1 of subtitle A of the Internal Revenue Code of 1986 is amended by adding at the end the follow…