Rep. Rob Menendez Introduces Bill to Increase Transparency of Prescription Drug Prices

Rep. Rob Menendez Introduces Bill to Increase Transparency of Prescription Drug Prices | U.S. House Representative Rob Menendez Skip to content Close Home About Meet Rob Committees Issues Services Get Help How Can We Help You? Know Your Rights Congress On Your Side Support for Veterans Traveling soon? Anti-Spam Resources What happens if the government shuts down Stay Connected With Us Email Our Team Directly Sign Up For Our Newsletter Share Your Story Nominate a Constituent of the Month 2025 End-of-Year Report Stop ICE's NJ Expansion Federal Funding and Grants Apply for a grant Submit FY27 Appropriations Requests FY27 Community Project Funding Flags and Greetings Request a U.S. Flag Commendations and Greetings Student Opportunities Internships Service Academy Nomination Congressional Art Competition Visiting D.C. Request tours and tickets News Press Releases Contact Get Help Write to Rob Close Mobile Site Search SEARCH Congressman Rob Menendez About Meet Rob Committees Issues Services Get Help How Can We Help You? Know Your Rights Congress On Your Side Support for Veterans Traveling soon? Anti-Spam Resources What happens if the government shuts down Stay Connected With Us Email Our Team Directly Sign Up For Our Newsletter Share Your Story Nominate a Constituent of the Month 2025 End-of-Year Report Stop ICE's NJ Expansion Federal Funding and Grants Apply for a grant Submit FY27 Appropriations Requests FY27 Community Project Funding Flags and Greetings Request a U.S. Flag Commendations and Greetings Student Opportunities Internships Service Academy Nomination Congressional Art Competition Visiting D.C. Request tours and tickets News Press Releases Contact Get Help Write to Rob ES Modal Search Button Mobile Site Search Submit Search MENU ES Home News Press Releases March 27, 2025 Rep. Rob Menendez Introduces Bill to Increase Transparency of Prescription Drug Prices WASHINGTON, D.C. - Today, Rep. Rob Menendez (NJ-08) joined Reps. Kristen McDonald Rivet (MI-08), Buddy Carter (GA-01), and John James (MI-10) in introducing the Prescription Drug Transparency and Affordability Act , which would increase transparency in the prescription drug pricing system with new reporting requirements and penalties to hold those who fail to comply accountable. “Americans have rightly demanded lower costs for prescription drugs, and our pricing transparency bill aims to do just that,” said Congressman Rob Menendez. “Greater access to prescription drug pricing information will enable patients and employers to make better informed decisions - a commonsense solution that benefits all Americans.” The legislation focuses on the role that Pharmacy Benefit Managers (“ PBMs ”) play in the prescription drug pricing system. PBMs act as intermediaries between insurers, drug manufacturers, and pharmacies – often with a great degree of opacity in their business practices. This bill requires that PBMs accurately disclose financial transactions related to their work and assesses penalties of up to $100,000 per violation for providing false information. This legislation is expected to result in savings for patients and employers. Full text of the bill is available here. Congressman Menendez is a member of the House Energy and Commerce Committee, which has jurisdiction over health care matters in Congress. To learn more about his work on behalf of New Jersey's Eighth Congressional District, click here. Print Email Share Previous Article Next Article About Services News Contact Facebook Logo Twitter Logo BlueSky Logo Youtube Logo Instagram Logo