ReleVote

Biosimilar Red Tape Elimination Act

Bill Number
S. 1954
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Health
Status
Introduced
Latest Action
2026-06-17: Committee on Health, Education, Labor, and Pensions. Ordered to be reported with an amendment in the nature of a substitute favorably.
Last Updated
2026-06-26T20:02:16Z

AI-Generated Summary

Purpose

The Biosimilar Red Tape Elimination Act aims to streamline the approval process for biosimilar biological products (medicines similar to existing biologic drugs) by automatically deeming them interchangeable with their reference products, reducing regulatory hurdles and promoting faster market access to lower-cost alternatives.

Key Provisions

Significant Changes to Existing Law

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Lee, Mike [R-UT]

Cosponsors (5)

Sen. Luján, Ben Ray [D-NM], Sen. Paul, Rand [R-KY], Sen. Hassan, Margaret Wood [D-NH], Sen. Schmitt, Eric [R-MO], Sen. Ossoff, Jon [D-GA]

Recent Actions

Bill Versions

Related Bills