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1 1 (July 19, 2019)

handle is hein.congrec/affpresc0001 and id is 1 raw text is: Congressional Budget Office 1 / Cost Estimate July 19, 2019 Millions of Dollars 2019 2019-2024 2019-2029 Direct Spending (Outlays) 0 -108 -441 Revenues Deficit Effect 0 0 17 -124 65 -507 The bill would * Define product hopping in the Federal Trade Commission Act and establish a statutory framework for the Federal Trade Commission's (FTC's) litigation authority against manufacturers that engage in such practices * Allow FTC to impose civil penalties and seek other appropriate relief in district court from parties that violate antitrust law in this area * Limit the number of patents that can be litigated under some provisions of the Biologics Price Competition and Innovation Act of 2009 * Impose a private sector mandate by limiting the number of patents that may be asserted in infringement claims for a small number of biological products Estimated budgetary effects would stem from * Generic or biosimilar drugs entering the market earlier, on average, than would be the case under current law, resulting in lower federal spending for prescription drugs and subsidies for health insurance Detailed table begins on the next page. See also CBO's Cost Estimates Explained, www.cbo.gov/publication/54437; How CBO Prepares Cost Estimates, www.cbo.gov/publication/53519; and Glossary, www.cbo.gov/publication/42904.

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