HR 1158
103th Congress
House
Taxation
Budget deficits
Drug industry
Federal budgets
Income tax
Indexing (Economic policy)
Poor
Prescription pricing
Public assistance programs
Puerto Rico
Social Welfare
Tax credits
Territories (U.S.)
Virgin Islands
Prescription Drug Affordability Act of 1993
Introduced: March 1, 1993
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 16, 1993
Referred to the Subcommittee on Health and the Environment.
Mar 1, 1993
Referred to the House Committee on Ways and Means.
Mar 1, 1993
Referred to the House Committee on Energy and Commerce.
Mar 1, 1993
Introduced in House
Plain-English summary
Prescription Drug Affordability Act of 1993 - Amends the Internal Revenue Code to reduce the amount by which the possession tax credit exceeds the manufacturer's wage base in the case of manufacturers of single source or innovator multiple source drugs.
Allocates additional revenues received in the Treasury as a result of this Act as follows: (1) 75 percent for deficit reduction; and (2) 25 percent for developing or supplementing State prescription drug assistance programs for States with the highest percentage of elderly or poor populations.
What's happening now
Referred to the Subcommittee on Health and the Environment.
Committees of jurisdiction
3