S. 4953 — Introduced in Senate

II 117th CONGRESS 2d Session S. 4953 IN THE SENATE OF THE UNITED STATES September 27, 2022Mr. Lee (for himself, Ms. Lummis, Mr. Lankford, and Mr. Rubio) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To repeal prescription drug price control provisions of the Inflation Reduction Act. 1. Short title This Act may be cited as the Protect Drug Innovation Act. 2. Repeal of prescription drug price control provisions Effective on the date of the enactment of this Act, the provisions of parts 1, 2, and 3 of subtitle B of title I of Public Law 117–169 are repealed and the provisions of law amended by such parts are restored as if such parts had never been enacted.