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S 4953 117th Congress Senate Health

Protect Drug Innovation Act

Introduced: September 27, 2022 Introduced by: Lee, Mike Republican · Utah See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 27, 2022
Read twice and referred to the Committee on Finance.
Sep 27, 2022
Introduced in Senate
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 Plain-English summary Congressional Research Service

Protect Drug Innovation Act

This bill repeals several programs and requirements that were enacted under the Inflation Reduction Act of 2022 relating to the prices of prescription drugs, including (1) the Medicare Drug Price Negotiation Program, (2) provisions that require drug manufacturers to issue rebates for certain drugs under Medicare for which prices increase faster than inflation, and (3) provisions that cap annual out-of-pocket spending under the Medicare prescription drug benefit.

What's happening now September 27, 2022

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Lankford, James
Oklahoma · Sep 27, 2022
 R
Lummis, Cynthia M.
Wyoming · Sep 27, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4953: Protect Drug Innovation Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-4953/
MLA
"S. 4953: Protect Drug Innovation Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4953/.
Bluebook (legal)
S. 4953, 117th Cong. (2026), https://openamerica.io/bill/117-S-4953/.
Markdown link
[S. 4953: Protect Drug Innovation Act](https://openamerica.io/bill/117-S-4953/)
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