HB5474 96TH GENERAL ASSEMBLY

LRB096 19116 ASK 34507 b

96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB5474

Introduced 2/5/2010, by Rep. Mary E. Flowers

SYNOPSIS AS INTRODUCED:

410 ILCS 620/25.5 new

Amends the Illinois Food, Drug and Cosmetic Act. Provides that notwithstanding any law to the contrary, no prescription drug that was manufactured in a country other the United States of America may be sold within this State at a price that exceeds 135% of the price for which that drug is sold within the country in which it was manufactured.

CORRECTIONAL BUDGET AND IMPACT NOTE ACT MAY APPLY

FISCAL NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning drug prices.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Food, Drug and Cosmetic Act is amended by adding Section 25.5 as follows:

(410 ILCS 620/25.5 new)

Sec. 25.5. Fair drug pricing. Notwithstanding any law to contrary, no prescription drug that was manufactured in a country other the United States of America may be sold within this State at a price that exceeds 135% of the price for which it is sold within the country in which it was manufactured.