HB+7

HB 7

E.P.M.A Act G.Yogan (D-IL) Z.Janice (I-MI) K.Fayne (D-CA) Drug Companies are currently falling into a deadly sequence for the American public. The drug companies find a product that works, then patent it and sell it for and outrageous price. Then, they use those large profits to research a new drug. This bill will put a limit on how much drug companies will charge. TV Commercial || $20000 || We need to get the word out that drugs are cheaper || Agent relocation || $108508.20 || We need to relocate the agents to a place close to their company || Subtotal: $16,610,508.20
 * __ Title __**
 * __Sponsor’s Name__**
 * __ Purpose __**
 * __ Eligibility __**
 * 1) Any company that produces and sells medications/drugs.
 * __ Terms and Benefits __**
 * 1) This bill will go into effect after it is passed as soon as agents are trained to enforce it. This bill will continue as a law until it is found unconstitutional or another piece of legislation or amendment makes it void.
 * 2) This bill states that drug companies cannot charge more than 120% of what a drug costs to produce and advertise
 * 3) FDA (Food and Drug Agency) Agents will be sent to enforce this bill and ensure that these laws are being followed.
 * 4) One FDA agent will be sent to each drug company.
 * 5) The FDA agent will watch stocks and examine the prices themselves
 * __ Fiscal Impact __**
 * || Cost || Reason ||
 * Labor : FDA Agents || $16080000 || We need individuals to enforce the bill ||
 * Education: FDA Agent Training || $402000 || We need them to be trained in how to do this ||
 * Advertising:
 * Transportation: