HR 4780
USTRx Act
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Bill overview
The USTRx Act aims to address what the U.S. government views as unfair trade practices by high-income countries regarding pharmaceutical prices. It establishes a Chief Pharmaceutical Trade Negotiator to specifically focus on these issues and empowers the U.S. Trade Representative to identify and challenge policies that depress drug prices and discourage innovation. The bill also requires an annual report detailing concerns about foreign pharmaceutical regulations and potential responses.
Key provisions
- Creates a Chief Pharmaceutical Trade Negotiator within the U.S. Trade Representative's office.
- Requires the U.S. Trade Representative to annually list high-income countries based on World Bank statistics.
- Mandates an annual report detailing reviews of foreign pharmaceutical policies and practices.
- Outlines specific criteria for evaluating foreign policies, including fairness, market-based practices, and impact on innovation.
- Authorizes the U.S. Trade Representative to take action, including investigations, to address harmful practices.
- Directs the U.S. Trade Representative to consult with the Chief Intellectual Property Negotiator.
- Requires the submission of a response plan to Congress within 30 days of identifying concerning practices.
- Updates the Trade Act of 1974 to provide the necessary authority for these actions.
Who is affected
- Pharmaceutical Manufacturers
- U.S. Patients
- United States Trade Representative
- Foreign Governments (specifically high-income countries)
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119th CONGRESS — 1st Session
H. R. 4780
IN THE HOUSE OF REPRESENTATIVES
A BILL
To identify and take action against international trade practices of high income countries that unfairly exploit innovation by deviating from market-based policies and unfairly exploit United States innovation, and for other purposes.
This Act may be cited as the Use Sovereignty To reduce Rx Act USTRx Act
or the
.
It is the sense of Congress that—
such exploitative behavior unfairly shifts the cost of developing new treatments to the United States and unduly relies on America’s patients and taxpayers to finance global pharmaceutical innovation; and
In paragraph (2)—
in the first sentence, by inserting one Chief Pharmaceutical Trade Negotiator,
after one Chief Agricultural Negotiator,
; and
by inserting the Chief Pharmaceutical Trade Negotiator,
after the Chief Agricultural Negotiator,
each place it appears.
By adding at the end the following new paragraph:
high-incomeby the official statistics of the International Bank for Reconstruction and Development of the World Bank.
With respect to each country included on the most recent list required under paragraph (1), the United States Trade Representative, acting through the Chief Pharmaceutical Trade Negotiator, (as established pursuant to the amendments made by subsection (a)) shall annually submit to the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate and concurrently publish on a publicly available website of the United States Trade Representative a report that—
are unjustifiable or impose a significant burden or unreasonable or discriminatory restriction on United States commerce with such country; and