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Maintaining Investments in New Innovation Act

S. 476 Sen. Robert Menendez (D-NJ) In committee
Bill text PDF
  1. Introduced Feb 16
  2. Committee Feb 16
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Feb 16, 2023Next: Senate vote
1350d ago Feb 16, 2023: Read twice and referred to the Committee on Finance.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
3companies, 15 filings
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Member trades
1trades in the last 90 days
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Companies lobbying on this bill

3 companies
Companies by sector
Biotech & Pharma 3
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Summary

Maintaining Investments in New Innovation Act

Full summary1 paragraphs

This bill requires drug products with genetically targeted technology to have had market approval for at least 11 years in order to qualify for the Medicare Drug Price Negotiation Program. (The program requires the Centers for Medicare & Medicaid Services to negotiate the prices of certain prescription drugs under Medicare beginning in 2026. Among other requirements, drugs must have had market approval for at least 7 years (for drug products) or 11 years (for biologics) to qualify for negotiation.)

Library of Congress summary, Feb 16, 2023

Summary versions
  • Introduced in SenateFeb 16, 2023

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 28, 2026.