II 118th CONGRESS 1st Session S. 2157 IN THE SENATE OF THE UNITED STATES June 22, 2023 Mr. Lee (for himself and Mr. Rubio ) introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To repeal prescription drug price control provisions of the Inflation Reduction Act.

1. Short title This Act may be cited as the Protect Drug Innovation Act . 2. Repeal of prescription drug price control provisions Effective on the date of the enactment of this Act, the provisions of parts 1, 2, and 3 of subtitle B of title I of Public Law 117–169 are repealed and the provisions of law amended by such parts are restored as if such parts had never been enacted.