,,ii  #aae? ,,congress  #b;d ,session   
,s4 #bhhe  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #ag1 #bjah ,ms4   
,smi? introduc$ ! foll[+ bill2 :i* 0    
read twice & ref]r$ to ! ,committee on  
,bank+1 ,h\s+1 & ,urban ,affairs  ,a    
,,bill  ,to am5d ! ,securities ,ex*ange 
,act ( #aicd to require additional      
disclosure = ph>maceutical companies4   
#a4 ,%ort title  ,?is ,act may be cit$ z
 ! ,disclos+ ,ph>maceutical ,company    
,w9dfall ,pr(its ,act ( #bjah4  #b4     
,additional disclosure = ph>maceutical  
companies ,section #ac ( ! ,securities  
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#ghm7 is am5d$ by add+ at ! end !       
foll[+3  7s7 ,additional disclosure =   
ph>maceutical companies  7#a7 ,9 g5]al  
,ea* issu] requir$ to file an annual or 
qu>t]ly report "u subsection 7a7 %all   
disclose 9 t report ! in=mation requir$ 
by p>agraph 7#b7 if1 dur+ ! p]iod cov]$ 
by ! report1 ! issu] or any affiliate ( 
! issu] is a drug manufactur]4  7#b7    
,in=mation requir$ ,if an issu] or an   

affiliate ( ! issu] is requir$ to make a
 disclosure pursuant to p>agraph 7#a71 !
 disclosure %all include--  7,a7 a      
c\ntry-by-c\ntry report2  7,b7 a        
description ( any *ange 9 divid5d or    
*ange 9 %>e repur*ase plan aft] ,novemb]
 #b1 #bjag1 & ! total value ( su* *ange2
  7,c7 bonuses or o!r *anges 9          
comp5sation ( (fic]s or directors aft]  
,novemb] #b1 #bjag1 & ! total value &   
p]c5tage *anges 9 comp>ison to ! prior  
ye>2  7,d7 ! total value ( ! rese>* &   
exp]im5tation tax cr$it 7pursuant to    
section #da ( ! ,int]nal ,rev5ue ,code (
 #aihf7 claim$ by ! issu] or any        
affiliate = ! prec$+ tax ye>2  7,e7 !   
*ange 9 sp5d+ on rese>* & developm5t (  
prescription drugs1 includ+ an e/imate (
 total value ( inve/m5t 9 rese>* &      
developm5t & ! total value ( any *ange 9
 rese>* & developm5t = :i* ! *ange 0    
pr9cipally ! result ( ,public ,law      
#aae-ig 7#aca ,/at4 #bjed72  7,f7 !     
total am\nt (-- 7i7 def]r$ =eign income 
subject to m&atory inclusion pursuant to

 section #ife7;a7 ( ! ,int]nal ,rev5ue  
,code ( #aihf2 &  7ii7 d$uctions        
all[able "u section #ife7;c7 ( su*      
,code1 includ+ ! am\nt ( su* d$uctions  
attributable to ! #h p]c5t rate         
equival5t p]c5tage & ! am\nt            
attributable to ! #ae4e p]c5t rate      
equival5t p]c5tage2  7,g7 am\nts        
describ$ 9 section #afb7;e7 ( ! ,int]nal
 ,rev5ue ,code ( #aihf2 &  7,h7 any o!r 
mat]ial actions by ! issu] = :i* !      
action 0 pr9cipally ! result ( ,public  
,law #aae-ig 7#aca ,/at4 #bjed74  7#c7  
,=eign subsidi>ies ,= ea* =eign         
subsidi>y 9 ! c\ntry-by-c\ntry report1 !
 report requir$ by p>agraph 7#a7 %all be
 gr\p$ by resid5t jurisdiction 7includ+ 
a gr\p = subsidi>ies resid5t n[h]e71 !  
tax jurisdiction 7if diff]5t71 & ma9    
bus9ess activity4  7#d7 ,def9itions ,9  
?is subsection3 7,a7 ,c\ntry-by-c\ntry  
report ,! t]m c\ntry-by-c\ntry report   
means in=mation on a c\ntry-by-c\ntry   
basis dur+ ! cov]$ p]iod = ea* tax      
jurisdiction1 aggregat$ f all           

subsidi>ies resid+ 9 t jurisdiction1    
consi/+ (--  7i7 rev5ues f unrelat$     
p>ties1 relat$ p>ties1 & 9 total2  7ii7 
pr(it or loss be=e taxes2  7iii7 income 
tax accru$ = ! curr5t ye>2  7iv7 income 
tax paid 7on a ca% basis72  7v7 /at$    
capital2  7vi7 accumulat$ e>n+s2  7vii7 
numb] ( employees2  7viii7 tangible     
assets o!r ?an ca% or ca% equival5ts2 & 
7ix7 su* o!r f9ancial in=mation z !     
,commission may det]m9e is necess>y or  
appropriate 9 ! public int]e/ or = !    
protection ( inve/ors4  7,b7 ,drug      
manufactur] ,! t]m drug manufactur]     
means ! p]son t holds ! application = a 
drug approv$ "u section #eje ( ! ,f$]al 
,food1 ,drug1 & ,cosmetic ,act 7#ba     
,u4,s4,c4 #cee7 or ! lic5se issu$ "u    
section #cea ( ! ,public ,heal? ,s]vice 
,act 7#db ,u4,s4,c4 #bfb74  4