New Trade Position to Challenge Foreign Drug Price Controls
A senate committee must act next: committee consideration.
While drug pricing is a popular issue, this bill currently lacks Democratic cosponsors and faces a long road through the committee process in a divided Congress.
Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Smaller U.S. biotech and pharmaceutical innovators could benefit if the new Chief Pharmaceutical Trade Negotiator succeeds in opening foreign markets and increasing revenue from sales abroad, since smaller firms often depend heavily on licensing and export income to fund research. This is a secondary effect of the bill's trade enforcement goals rather than a direct provision.
“shall be a vigorous advocate on behalf of United States manufacturers and consumers of pharmaceutical products”
Read twice and referred to the Committee on Finance.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
Sen. Tim Sheehy (R-Mont.) introduced the USTRx Act to establish a new pharmaceutical trade negotiator at the USTR. The bill targets high-income countries like Germany for using price controls that 'freeload' on American R&D, forcing U.S. patients to pay more to cover the costs of new cures.
Montana Senator Tim Sheehy proposed the USTRx Act to address foreign pharmaceutical pricing practices. The bill would create a Chief Pharmaceutical Trade Negotiator within the USTR to challenge foreign price controls that allegedly shift innovation costs to American consumers.
Senator Tim Sheehy introduced the USTRx Act, which would create a chief pharmaceutical trade negotiator within the USTR. The legislation aims to end foreign price controls that shift the cost of developing new medicines onto American consumers.
No votes or related bills recorded for this bill yet.
Document Type
Congressional Bill
Official Title
USTRx Act
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