1. Short title This Act may be cited as the Transparent Drug Pricing Act of 2017 . 2. Drug manufacturer reporting Part P of title III of the Public Health Service Act ( 42 U.S.C. 280g et seq.) is amended by adding at the end the following: 399V–7. Drug manufacturer reporting (a) Mandatory reporting A drug manufacturer shall submit to the Secretary and to Congress an annual report specifying with respect to the previous calendar year (except as provided in subsection (d)(2))— (1) the total expenditures of the manufacturer on— (A) domestic and foreign drug research and development, including an itemized description of— (i) basic and preclinical research; (ii) clinical research, reported separately for each clinical trial; (iii) development of alternative dosage forms and strengths for the drug molecule or combinations, including the molecule; (iv) other drug development activities, such as nonclinical laboratory studies and record and report maintenance; (v) pursuing new or expanded indications for such drug through supplemental applications under section 505 of the Federal Food, Drug, and Cosmetic Act; (vi) carrying out postmarket requirements related to such drug, including under section 505(o)(3) of such Act; (vii) carrying out risk evaluation and mitigation strategies in accordance with section 505–1 of such Act; and (viii) marketing research; (B) the acquisition of drug components and packaging, in total and per unit sold, broken out by source and cost and identifying specific costs that reflect internal transfers within the manufacturer's company; (C) other acquisitions relating to drugs, including for the purchase of patents and licensing or the acquisition of any corporate entity owning any rights to a drug during or after development of the drug