SUMMARY AS OF:
2/10/2000--Introduced.
TABLE OF CONTENTS:
- Title I: Amendments to Internal Revenue Code of 1986
- Title II: Amendments to Federal Food, Drug, and Cosmetic Act
Pharmaceutical Freedom Act of 2000 - Title I: Amendments to Internal
Revenue Code of 1986 - Amends the Internal Revenue Code to provide that, in
the case of an individual who has attained social security retirement age, there
shall be allowed a tax credit in an amount equal to 80 percent of the amount
paid by the taxpayer (and not compensated for by insurance or otherwise) for any
prescribed drug used by the individual.
Title II: Amendments to Federal Food, Drug, and Cosmetic Act - Amends
the Federal Food, Drug, and Cosmetic Act (FDCA) to replace drug reimportation
provisions with provisions which permit a person who meets applicable legal
requirements to be an importer of drugs to import certain drugs (without regard
to whether the person is a manufacturer of the drug) if the person submits to
the Secretary an application to import the drug and the Secretary approves the
application.
Prohibits the Secretary from taking any action under the FDCA with respect to
the interstate sale of a prescription drug through an Internet site, if the sale
was made in compliance with the FDCA and with applicable State laws and accurate
information regarding compliance with the FDCA and such State laws is posted on
the Internet site.