Gun Violence Prevention Through Financial Intelligence Act

Senate Bill

S. 2157

119th Congress

Gun Violence Prevention Through Financial Intelligence Act

In Committee

Introduced:Jun 24, 2025

Primary Sponsor

Edward J. Markey

Senator

Democratic

MA

Cosponsors

1

Quick Stats

Policy Area

Health

Summary

This bill aims to repeal several programs and requirements that were put in place by the Inflation Reduction Act of 2022 to help lower the prices of prescription drugs for people on Medicare. If it becomes law, this bill would remove the ability for the government to negotiate drug prices, get rid of penalties for drug companies that raise prices faster than inflation, and remove the cap on how much Medicare patients have to pay out-of-pocket for their medications.

Latest Action

Read twice and referred to the Committee on Finance.

SponsorEdward J. Markey (D-MA)

Introduced6/24/2025

StatusRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

ChamberSenate

Data from Congress.gov

See this page through your district lens

Enter ZIP to personalize representatives and vote context.

Stay on top of this issue

Subscribe for weekly bill and representative updates.

Vote Prediction

Gun Violence Prevention Through Financial Intelligence Act

This bill aims to repeal several programs and requirements that were put in place by the Inflation Reduction Act of 2022 to help lower the prices of prescription drugs for people on Medicare. If it becomes law, this bill would remove the ability for the govern

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill aims to repeal several programs and requirements that were put in place by the Inflation Reduction Act of 2022 to help lower the prices of prescription drugs for people on Medicare. If it becomes law, this bill would remove the ability for the government to negotiate drug prices, get rid of penalties for drug companies that raise prices faster than inflation, and remove the cap on how much Medicare patients have to pay out-of-pocket for their medications.

Bill Number: 2157
Sponsor: Edward J. Markey (D-MA)
Introduced: 6/24/2025
Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy Area: Health

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Gun Violence Prevention Through Financial Intelligence Act
Bill Number: 2157
Sponsor: Edward J. Markey (D-MA)
Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced: 6/24/2025
Summary: This bill aims to repeal several programs and requirements that were put in place by the Inflation Reduction Act of 2022 to help lower the prices of prescription drugs for people on Medicare. If it becomes law, this bill would remove the ability for the government to negotiate drug prices, get rid o

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill aims to repeal several programs and requirements that were put in place by the Inflation Reduction Act of 2022 to help lower the prices of prescription drugs for people on Medicare. If it becomes law, this bill would remove the ability for the government to negotiate drug prices, get rid of penalties for drug companies that raise prices faster than inflation, and remove the cap on how much Medicare patients have to pay out-of-pocket for their medications.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

<html><body>Protect Drug Innovation Act This bill repeals several programs and requirements that were enacted under the Inflation Reduction Act of 2022 relating to the prices of prescription drugs, including (1) the Medicare Drug Price Negotiation Program, (2) provisions that require drug manufacturers to issue rebates for certain drugs under Medicare for which prices increase faster than inflation, and (3) provisions that cap annual out-of-pocket spending under the Medicare prescription drug benefit.</body></html>

Key Points

Main provisions of the bill

Repeals the Medicare Drug Price Negotiation Program, which allows the government to negotiate lower prices for certain prescription drugs covered by Medicare
Eliminates requirements for drug manufacturers to pay rebates if they raise prices faster than inflation for drugs covered by Medicare
Removes the annual cap on out-of-pocket spending for prescription drugs under the Medicare Part D program

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would primarily impact older Americans and people with disabilities who rely on Medicare for their prescription drug coverage. They would likely see their out-of-pocket costs for medications increase, as drug prices could rise faster without the threat of government negotiation or price caps.

Policy Areas

Primary Policy Area

Health

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2157, 119th Congress (2025). "Gun Violence Prevention Through Financial Intelligence Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-2157