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Fair Accountability and Innovative Research Drug Pricing Act of 2021

Introduced: March 23, 2021 Introduced by: Baldwin, Tammy Democratic · Wisconsin 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
Mar 23, 2021
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Mar 23, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

Fair Accountability and Innovative Research Drug Pricing Act of 2021

This bill requires manufacturers to report about certain price increases for prescription drugs and biological products with a wholesale cost of at least $100 per month. Such reports must include, among other information (1) the percentage price increase, (2) a justification for such increase, (3) the price history of the drug, (4) the total cost to develop the drug, and (5) the total revenue and net profit generated from the drug.

What's happening now March 23, 2021

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Related & companion bills 2
  • HR 19 Related bill Lower Costs, More Cures Act of 2021
  • HR 9655 Related bill Medicare for America Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 1 Republican 2 Independent 1
R
Hoeven, John
North Dakota · Jun 9, 2021
 I
King, Angus S., Jr.
Maine · Jun 9, 2021
 R
Murkowski, Lisa
Alaska · Mar 23, 2021
 D
Smith, Tina
Minnesota · Mar 23, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 898: Fair Accountability and Innovative Research Drug Pricing Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-898/
MLA
"S. 898: Fair Accountability and Innovative Research Drug Pricing Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-898/.
Bluebook (legal)
S. 898, 117th Cong. (2026), https://openamerica.io/bill/117-S-898/.
Markdown link
[S. 898: Fair Accountability and Innovative Research Drug Pricing Act of 2021](https://openamerica.io/bill/117-S-898/)
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