H.R. 1492 — Introduced in House

I 119th CONGRESS 1st Session H. R. 1492 IN THE HOUSE OF REPRESENTATIVES February 21, 2025Mr. Murphy (for himself, Mr. Davis of North Carolina, and Mr. Hudson) introduced the following bill; which was referred to the Committee on Energy and Commerce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To amend title XI of the Social Security Act to equalize the negotiation period between small-molecule and biologic candidates under the Drug Price Negotiation Program. 1. Equalizing the negotiation period between small-molecule and biologic candidates under the Drug Price Negotiation Program (a) In general Section 1192(e)(1)(A)(ii) of the Social Security Act (42 U.S.C. 1320f–1(e)(1)(A)(ii)) is amended by striking 7 years and inserting 11 years. (b) Effective date The amendment made by subsection (a) shall take effect as if included in the enactment of Public Law 117–169.