Life Sciences

New federal disclosure law reduces reporting threshold

Pharma Compliance Alert, January 28, 2009

Senators Charles Grassley (R-IA) and Herb Kohl (D-WI) continue to push for national legislation requiring pharmaceutical and medical device companies to disclose payments to physicians.

The senators introduced the Physician Payments Sunshine Act of 2009, which would require pharmaceutical, biologics, and medical device companies to report payments they give to physicians over $100 every year, according to a Grassley press release. The new bill is similar to the Physician Payments Sunshine Act of 2007, which Congress failed to vote on, but reduces the threshold for reporting from $500 to $100.

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