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US S1287
US S1287REFUND Act of 2021 Recovering Excessive Funds for Unused and Needless Drugs Act of 2021
summary
Introduced
04/21/2021
04/21/2021
In Committee
04/21/2021
04/21/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend title XVIII of the Social Security Act to require manufacturers of certain single-dose vial drugs payable under part B of the Medicare program to provide refunds with respect to amounts of such drugs discarded, and for other purposes.
AI Summary
This bill, known as the Recovering Excessive Funds for Unused and Needless Drugs Act of 2021 or the REFUND Act of 2021, amends the Social Security Act to require manufacturers of certain single-dose vial drugs payable under Medicare Part B to provide refunds to the government for the amounts of those drugs that are discarded. The bill establishes a process for the Secretary of Health and Human Services to report to manufacturers the amount of discarded drugs and the corresponding refund owed, and requires manufacturers to pay those refunds on a regular basis. The bill also authorizes the government to conduct audits and impose civil monetary penalties on manufacturers that fail to comply with the refund requirements.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Read twice and referred to the Committee on Finance. (text: CR S2126-2127) (on 04/21/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/1287/all-info |
| BillText | https://www.congress.gov/117/bills/s1287/BILLS-117s1287is.pdf |
| Bill | https://www.congress.gov/117/bills/s1287/BILLS-117s1287is.pdf.pdf |
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