,,ii  #aaith ,,congress  #ast ,session  
,s4 #ahcf  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #ba1 #bjbe
 ,ms4 ,klobuchar 7for herself1 ,mr4     
,welch1 ,ms4 ,smith1 ,mr4 ,king1 ,ms4   
,cantwell1 ,mr4 ,reed1 ,mr4 ,whitehouse1
 ,ms4 ,duckworth1 ,ms4 ,warren1 ,mrs4   
,gillibrand1 ,mr4 ,merkley1 ,mrs4       
,murray1 ,mr4 ,blumenthal1 ,mrs4        
,shaheen1 ,ms4 ,cortez ,masto1 ,ms4     
,baldwin1 ,mr4 ,booker1 ,mr4 ,van       
,hollen1 ,mr4 ,durbin1 ,mr4 ,murphy1    
,mr4 ,fetterman1 ,mr4 ,markey1 ,mr4     
,lujn1 ,ms4 ,hassan1 ,mr4 ,heinrich1    
,ms4 ,slotkin1 and ,mr4 ,bennet7        
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,finance  ,a ,,bill  ,to  
amend title ,,xviii of the ,social      
,security ,act to strengthen the drug   
pricing reforms in the ,inflation       
,reduction ,act4  #a4  ,short title     
,this ,act may be cited as the          
,strengthening ,medicare ,and ,reducing 
,taxpayer ,prices ,act or the ,,smart   

,prices ,act4  #b4  ,improvements to the
 ,medicare ,drug ,price ,negotiation    
,program  7a7  ,acceleration of the     
selection of negotiation-,eligible drugs
  ,section #aaib7;a7 of the ,social     
,security ,act 7#db ,u4,s4,c4           
#acbj;f-#a7;a77 is amended--  7#a7 in   
paragraph 7#c7-- 7,a7 by striking #bjbh1
 #ae negotiation-eligible drugs and     
inserting #bjbh or a subsequent year1   
#ej negotiation-eligible drugs2 and     
7,b7 by striking 2 and at the end and   
inserting a period2 and  7#b7 by        
striking paragraph 7#d74  7b7           
,improvements to the definition of      
qualifying single source drug ,section  
#aaib7;e77#a7 of the ,social ,security  
,act 7#db ,u4,s4,c4 #acbj;f-#a7;e77#a77 
is amended--  7#a7 in subparagraph      
7,a77ii71 by striking #g years and      
inserting #c years2 and  7#b7 in        
subparagraph 7,b77ii71 by striking #aa  
years and inserting #c years4  7c7      
,improvement to the ceiling for maximum 
fair price  ,section #aaid7;c77#c7 of   

the ,social ,security ,act 7#db         
,u4,s4,c4 #acbj;f-#c7;c77#c77 is        
amended--  7#a7 in subparagraph 7,a71 by
 striking #ge percent and inserting #gf 
percent2  7#b7 in subparagraph 7,b71 by 
striking #fe percent and inserting #ee  
percent2 and  7#c7 in subparagraph 7,c71
 by striking #dj percent and inserting  
#cj percent4  7d7  ,effective date  ,the
 amendments made by this section shall  
apply with respect to initial price     
applicability years 7as defined in      
section #aaia7;b7 of the ,social        
,security ,act 7#db ,u4,s4,c4           
#acbj;f7b777 beginning with initial     
price applicability year #bjbh4