H.R.3 (Drug pricing bill)
The Elijah E. Cummings Lower Drug Costs Now Act, also known as the Lower Drug Costs Now Act and H.R.3, is left-wing legislation introduced and passed by House Democrats in 2019 that aims at attempting to lower drug prices merely by government regulations. Sponsored by representative Frank Pallone, Jr. (D-NJ), H.R.3 runs on the wishful thinking-based false assumptions that the pharmaceutical industry would automatically be able to comply with the regulatory demands, that government-controlled price fixing can fix problems, and that such legislation wouldn't simply reduce available drugs in the market. Unlike Republican and other bi-partisan proposals also seeking to reduce drug prices that directly address the loopholes that allow Big Pharma to get away with high prices, H.R.3 does not make a significant focus on such. In addition, unlike the much more practical bill S.3384, H.R.3 does not take trade policies into consideration as a method to reduce drug prices.
The Association of Mature American Citizens has opposed H.R.3.
House Democrats childishly attempted to interrupt Donald Trump's 2020 State of the Union Address, chanting "HR 3!" to promote their legislation.