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This bill amends the Social Security Act to change the negotiation period for small-molecule drugs under the Medicare Drug Price Negotiation Program. It extends the time before a small-molecule drug becomes eligible for price negotiation from 7 years to 11 years, matching the period for biologic drugs.
Section 1, Equalizing the negotiation period: This section amends the Social Security Act by replacing the current 7-year period for small-molecule drugs with an 11-year period. The change applies retroactively as if it were part of the original law (Public Law 117-169).
Summary of the bill text as introduced in House (Jan 31, 2024), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.
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Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 28, 2026.