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- S.378
S.378: Stop Price Gouging Act
About This Bill
- Introduced Feb. 7, 2019
- Latest Major Action Feb. 7, 2019
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (All Democrats)
Bill Version
- Introduced in Senate - Feb. 7, 2019
Bill Summary
Stop Price Gouging Act This bill imposes an excise tax on pharmaceutical companies that sell prescription drugs that are subject to price spikes that exceed the annual percentage increase in the Chained Consumer Price Index. For each taxable prescription drug, the excise tax ranges from 50% to 100% of price spike revenue received by the company, depending on the size of the price spike and including an adjustment for revenue that is due...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Feb. 7, 2019 |
Read twice and referred to the Committee on Finance.
|
| Feb. 7, 2019 |
Introduced in the Senate by Sherrod Brown (D-Ohio) |