[Congressional Record Volume 165, Number 82 (Thursday, May 16, 2019)]
[House]
[Page H3851]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                   STOP PRICE-FIXING ON GENERIC DRUGS

  (Mr. HIGGINS of New York asked and was given permission to address 
the House for 1 minute.)
  Mr. HIGGINS of New York. Mr. Speaker, last week, 44 attorneys general 
filed a lawsuit in Federal court against 20 generic drugmakers, 
alleging market manipulation and price-fixing.
  The American people's tax dollars are invested in unprofitable basic 
research that is essential to bringing highly profitable drugs to 
market. The United States Government is also a huge purchaser of these 
generic drugs.
  In some cases, it is alleged that one company sets the price of a 
drug and the others follow, without the cost-cutting influence of 
competition. All of this resulted in billions of dollars in harm to 
patients and the U.S. economy.
  Congress must stop this price-fixing scheme and will vote this week 
to approve legislation to end this price-fixing and market manipulation 
perpetuated by these generic drugmakers.

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