340B Accountability Act of 2021
This bill requires participants in the 340B drug pricing program to allow the Health Resources & Services Administration (HRSA) to audit their records to determine how they use the net income from the discounted drug prices under the program. Participants also must retain records and reports as necessary for HRSA to perform the audits.
To amend the Public Health Service Act to clarify rules relating to 
                  drug discounts for covered entities.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``340B Accountability Act of 2021''.

SEC. 2. DRUG DISCOUNTS AND AUDITS FOR COVERED ENTITIES.

    Section 340B(a)(5)(C) of the Public Health Service Act (42 U.S.C. 
256b(a)(5)(C)) is amended--
            (1) by striking ``A covered entity shall permit'' and 
        inserting the following:
                            ``(i) Duplicate discounts and drug 
                        resale.--A covered entity shall permit''; and
            (2) by adding at the end the following:
                            ``(i) Use of savings.--A covered entity 
                        shall permit the Secretary to audit, at the 
                        Secretary's expense, the records of the entity 
                        to determine how net income from purchases 
                        under this section are used by the covered 
                        entity.
                            ``(ii) Records retention.--A covered entity 
                        shall retain such records and provide such 
                        records and reports as determined necessary by 
                        the Secretary for carrying out this 
                        subparagraph.''.
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340B Accountability Act of 2021
A bill to amend the Public Health Service Act to clarify rules relating to drug discounts for covered entities.
340B Accountability Act of 2021
Sen. Braun, Mike