Drug Pricing Initiatives: Congress is proceeding with the budget reconciliation process, which includes proposed measures related to drug pricing. House committees are beginning to mark up sections of the legislation related to their areas of jurisdiction, after which the process will continue in the Senate, with markups by the relevant Senate committees. The budget reconciliation process allows passage in both chambers by a simple majority, providing an opportunity for the Democratic majority to advance President Biden’s policy initiatives, including with respect to drug pricing.
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