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Easier Biosimilar Approval: Lower Costs, Wider Access to Medicines

This act aims to simplify the market entry of biosimilar drugs, which are more affordable alternatives to expensive biological medicines. Citizens can expect lower treatment costs and broader access to necessary therapies. These changes may reduce medication expenses for patients and healthcare systems.
Key points
Streamlining the approval process for biosimilar drugs, potentially speeding up their availability.
Potential for lower prices of biological drugs due to increased market competition.
Greater choice of medicines for patients and doctors, which may improve healthcare quality.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_7047
Sponsor: Rep. Schrader, Kurt [D-OR-5]
Process start date: 2022-03-09
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Lowering Costs by Improving Biosimilar Uptake Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7047.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-09.

What are the main provisions?

Key points include:

  • Streamlining the approval process for biosimilar drugs, potentially speeding up their availability.
  • Potential for lower prices of biological drugs due to increased market competition.
  • Greater choice of medicines for patients and doctors, which may improve healthcare quality.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Schrader, Kurt [D-OR-5].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Health.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Health