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This act aims to lower drug prices by prohibiting unfair market practices.

This act aims to prevent pharmaceutical companies from engaging in practices that hinder the introduction of cheaper generic and biosimilar drugs. This means citizens can expect greater availability of more affordable medications, positively impacting their personal finances and access to healthcare. The Federal Trade Commission will have new tools to combat such actions.
Key points
Prohibits drug manufacturers' practices that block competition from cheaper alternatives.
Aims to increase the availability of more affordable generic and biosimilar drugs.
Strengthens the Federal Trade Commission's powers to prosecute unfair practices in the pharmaceutical market.
May lead to lower healthcare costs for citizens.
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Additional Information
Print number: 117_HR_2873
Sponsor: Rep. Cicilline, David N. [D-RI-1]
Process start date: 2021-04-28