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- H.R.4821
H.R.4821: Fair Advertising and Increased Research (FAIR) Act
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced May 22, 2002
- Latest Major Action May 22, 2002
Bill Sponsor
Bill Cosponsors
19 (19 Democrats, 1 Independent Democrat)
Bill Summary
Fair Advertising and Increased Research Act - Amends the Internal Revenue Code to prohibit any drug manufacturer from taking a tax deduction for expenditures relating to the advertising, promoting, or marketing of any FDA prescription drug to the extent the aggregate amount of such expenditures exceeds the manufacturer's aggregate research and development expenditures.Directs the Secretary of the Treasury to estimate amount of additional tax...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| May 22, 2002 |
Introduced in the House by Frank Pallone (D-N.J.) |