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PRICE Act

Introduced: May 1, 2020 See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

May 4, 2020

Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

May 1, 2020

Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, Energy and Commerce, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

May 1, 2020

Introduced in House

Plain-English summary Congressional Research Service

Pandemic Response and Interstate Cost Equity Act or the PRICE Act

This bill establishes the Federal Emergency Management Agency (FEMA) as the sole buyer, vendor, owner, and distributor of certain medical equipment obtained by the federal government in the event of a national health emergency and establishes a process for the pricing and distribution of such equipment.

Specifically, in the event of such an emergency, the Department of Health and Human Services shall assess available medical equipment and FEMA shall (1) become the sole owner and distributor of medical equipment obtained by the federal government for which the prevailing market price exceeds the fair market price by more than 15%, (2) contract with all persons capable of producing such equipment to produce such equipment, and (3) establish a price for such equipment and sell or otherwise distribute the equipment to the states or to persons that request it.

The bill establishes in Congress a Joint Committee on Defense Production.

What's happening now May 4, 2020

Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

Committees of jurisdiction 5