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Affordable COVID-19 Drugs: Ending Monopolies and Price Gouging.

This act aims to ensure that COVID-19 drugs developed with government support are affordable and accessible to everyone. It means companies cannot create monopolies or artificially inflate prices, protecting citizens from excessive treatment costs and ensuring broad access to essential therapies.
Key points
COVID-19 drugs developed with federal support must be affordable and accessible to all.
Pharmaceutical companies cannot create monopolies or price gouge for COVID-19 drugs if they received federal support.
The government can grant licenses for drug production if original manufacturers refuse to ensure broad access.
Companies must report their expenditures on research, development, and marketing of COVID-19 drugs, including federal support received.
In cases of excessive drug pricing during a public health emergency, the government can revoke market exclusivity and allow other companies to produce.
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Additional Information
Pandemic Treatment Access and Affordability Act of 2021
Print number: HR 597
Sponsor: Rep. Schakowsky, Janice D. [D-IL-9]
Process start date: 2021-01-28