Public Investment Recovery Act of 2000
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jun 21, 2000)
Establishes a Public Investment Recovery Board to: (1) determine the total amount of profits for such a product; and (2) make calculations as required by this Act of the proportion of Federal support for research and development which lead to the production and sale of such a product. Prescribes a formula for determining the percentage of profits required to be paid.
Provides for the expiration of payments on the expiration of the initial patent issued for such product.
Allows: (1) not more than two percent of amounts in the Trust Fund to be used by the Food and Drug Administration or the National Institutes of Health (NIH) to support research and reports on the comparative efficiency and effectiveness of such products; (2) not more than 20 percent of amounts in the Trust Fund in the first five fiscal years after the enactment of this Act, and three percent in subsequent fiscal years, to be used to help pay the administrative expenses of carrying out this Act; and (3) not more than 20 percent of amounts in the Trust Fund to be used by NIH to support pharmaceutical, biologic, or genetic research and development, unless no Medicare prescription drug benefit has been enacted, in which case the remainder of the funds in such Fund may be used for a purpose authorized by this Act. Requires the remainder of such funds, if such a drug benefit has been enacted, to be used for the financing of such a benefit.
What just happenedJul 7, 2000
Referred to the Subcommittee on Health and Environment.
Who’s behind it
- Introduced in HouseJun 21, 2000
- Jul 7, 2000CommitteeH11000
Referred to the Subcommittee on Health and Environment.
Health and Environment Subcommittee - Jun 30, 2000CommitteeH11000
Referred to the Subcommittee on Basic Research.
Research Subcommittee - Jun 23, 2000IntroReferralB00100
Sponsor introductory remarks on measure. (CR E1090)
- Jun 21, 2000IntroReferralH11100
Referred to the Committee on Commerce, and in addition to the Committees on Science, and 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.
Ways and Means Committee - Jun 21, 2000IntroReferralH11100
Referred to the Committee on Commerce, and in addition to the Committees on Science, and 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.
Science, Space, and Technology Committee - Jun 21, 2000IntroReferralH11100-A
Referred to the Committee on Commerce, and in addition to the Committees on Science, and 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.
- Jun 21, 2000IntroReferralH11100
Referred to the Committee on Commerce, and in addition to the Committees on Science, and 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.
Energy and Commerce Committee - Jun 21, 2000IntroReferralIntro-H
Introduced in House
- Jun 21, 2000IntroReferral1000
Introduced in House