Tim Sheehy (R-MT)

USTRx Act

S. 5265 · Senate bill Foreign Trade and International Finance

A Republican bill with 2 Republican cosponsors · See all 2 cosponsors

Last activity — Read twice and referred to the Committee on Finance.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "USTRx Act," aims to combat international trade practices where high-income countries use price controls on pharmaceuticals. It seeks to stop these countries from unfairly exploiting United States innovation by deviating from market-based policies. To achieve this, the legislation creates the position of Chief Pharmaceutical Trade Negotiator. This official will advocate for United States pharmaceutical manufacturers and consumers. Additionally, the bill requires an annual report to review the pharmaceutical trade practices of high-income countries. Finally, it establishes a process for the United States to respond to adverse trade actions taken by these countries.

Yes· 3 of 9

  • Scored +5

    Does this make patent and copyright rules fairer?

    The bill seeks to protect the value of U.S. pharmaceutical innovation against foreign exploitation.

  • Scored +5

    Does this give people more protection from unfair business practices?

    The bill seeks to protect U.S. consumers by ensuring continued access to innovative pharmaceutical treatments.

  • Scored +5

    Does this make health care easier to get in general?

    The bill aims to safeguard access to new, innovative life-saving treatments for U.S. patients.

The opposite

  • Scored -3

    Does this lower the price of prescription medicines?

    By opposing foreign price controls, the bill may indirectly support maintaining higher market-based prices for innovation.

  • Scored -2

    Does this strengthen ties with allied countries?

    The bill may create tension with high-income allies through trade disputes and retaliatory actions.