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HR 1158 103th Congress House

Prescription Drug Affordability Act of 1993

Official title: To provide for the affordability of prescription drug prices by reducing certain nonresearch related tax credits to pharmaceutical manufacturers and to generat… Show full official titleShow less

Official title: To provide for the affordability of prescription drug prices by reducing certain nonresearch related tax credits to pharmaceutical manufacturers and to generate previously uncollected tax revenues for the Federal Government.

Introduced: May 10, 1993 See on congress.gov
Taxation Budget deficitsDrug industryFederal budgetsIncome tax
More subjectsShow fewer subjects
Indexing (Economic policy)PoorPrescription pricingPublic assistance programsPuerto RicoSocial WelfareTax creditsTerritories (U.S.)Virgin Islands
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action March 16, 1993

Referred to the Subcommittee on Health and the Environment.

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 4
All 4 Democratic 1 Republican 1 Independent 1
I
Sanders, Bernard
Vermont · Sep 21, 1993
 D
Norton, Eleanor Holmes
District of Columbia · May 10, 1993
LIPINSKI, WILLIAM
· May 3, 1993
 R
Smith, Christopher H.
New Jersey · Mar 29, 1993
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1158: Prescription Drug Affordability Act of 1993. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-1158/
MLA
"H.R. 1158: Prescription Drug Affordability Act of 1993." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-1158/.
Bluebook (legal)
H.R. 1158, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-1158/.
Markdown link
[H.R. 1158: Prescription Drug Affordability Act of 1993](https://openamerica.io/bill/103-HR-1158/)
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