; denial of deduction for pay-for-delay payments (a) Receipt of payment The Internal Revenue Code of 1986 is amended by inserting after chapter 36 the following new chapter: 37 Pay-for-Delay Sec. 4501. Imposition of tax. 4501. Imposition of tax There is hereby imposed, on each taxpayer who is party to an agreement that is determined by the Federal Trade Commission under section 27 of the Federal Trade Commission Act to be a violation of section 5 of such Act, a tax equal to 50 percent of the amount paid to such taxpayer under such agreement. . (b) Denial of deduction Section 162(c) is amended by adding at the end the following new paragraph: (4) Pay-for-delay payments No deduction shall be allowed under subsection (a) for any payment under an agreement that is determined by the Federal Trade Commission under section 27 of the Federal Trade Commission Act to be a violation of section 5 of such Act. . (c) Conforming amendment The table of chapters for the Internal Revenue Code of 1986 is amended by inserting after the item relating to chapter 36 the following new item: Chapter 37—Pay-for-Delay . 4. Unlawful compensation for delay (a) In general The Federal Trade Commission Act ( 15 U.S.C. 44 et seq.) is amended by inserting after section 26 ( 15 U.S.C. 57c–2 ) the following: 27. Preserving access to affordable generics (a) In general (1) Enforcement proceeding The Commission may initiate a proceeding to enforce the provisions of this section against the parties to any agreement resolving or settling, on a final or interim basis, a patent infringement claim, in connection with the sale of a drug product. (2) Violation (A) In general Subject to subparagraph (B), in such a proceeding, an agreement shall be an unfair method of competition in or affecting commerce and be a violation of section 5 if pursuant to the agreement— (i) an ANDA filer receives anything of value, including an exclusive or non-exclusive license, an agreement regarding the marketing of a product, or any other commercial opportunity or benefit