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US HR8479

US HR8479
Essential Medicines Strategic Stockpile Act of 2020


summary

Introduced
10/01/2020
In Committee
10/01/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

Requires the Department of Health and Human Services (HHS) to create a pilot program with private entities to test the effectiveness of acquiring, maintaining, managing, and distributing a stockpile of generic drugs at risk of shortage. Specifically, HHS must enter into contracts of up to three years for entities to create a six-month stockpile of up to 50 types of such drugs. The bill establishes various program requirements, including annual evaluations by the Government Accountability Office.

AI Summary

This bill, the Essential Medicines Strategic Stockpile Act of 2020, requires the Department of Health and Human Services (HHS) to create a pilot program with private entities to test the effectiveness of acquiring, maintaining, managing, and distributing a stockpile of up to 50 generic drugs at risk of shortage. The bill establishes various program requirements, including that each stockpile must contain a 6-month supply of each drug, and that the stockpile must be cycled to the commercial market to avoid product expiration. The bill also requires annual evaluations by the Government Accountability Office to review the likely costs, savings, and effectiveness of the program.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Referred to the House Committee on Energy and Commerce. (on 10/01/2020)

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