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Bills · 2011-2012 Regular Session

SB 360

Died at session end Official bill text Atom feed

the minimum sale price of prescription drugs.

  1. Introduced, stopped here
  2. Passes Senate, not reached
  3. Passes Assembly, not reached
  4. Governor signs, not reached
  5. Law, not reached

Unfamiliar terms? Glossary

What this bill does

Plain-language analysis by the nonpartisan Legislative Reference Bureau

Under current law, the Unfair Sales Act or "minimum markup" law prohibits

"loss leaders," or wholesale and retail sales of merchandise at a price below the cost

of the merchandise to the seller.

This bill exempts prescription drugs from the Unfair Sales Act. As a result, the

bill deletes the current prohibition on below-cost sales of prescription drugs.

What it would cost

Fiscal estimates filed by state agencies, as official PDFs

Sponsors

Introduced by: Carpenter (D) , Vukmir (R)

2 cosponsors

Kramer (R) , Richards (D)

Full history

  1. Jan 4, 2012 · Senate

    Introduced by Senators Vukmir and Carpenter;Cosponsored by Representatives Kramer and Richards

  2. Jan 4, 2012 · Senate

    Read first time and referred to committee on Health

  3. Jan 13, 2012 · Senate

    Fiscal estimate received

  4. Jan 19, 2012 · Senate

    Public hearing held

  5. Mar 23, 2012 · Senate

    Failed to pass pursuant to Senate Joint Resolution 1