Sheehy’s USTRx Act Targets Foreign Drug Price Controls | US News

US News Today | 2 Min News | The Daily News Now! · Aug 5, 2026 · 1m

Senator Tim Sheehy’s new USTRx Act aims to stop foreign price controls on medicines, arguing they force American taxpayers to fund global drug innovation. Backed by bipartisan allies, the bill would create a chief pharmaceutical trade negotiator to monitor high-income nations’ pricing policies and trigger 30-day trade action if unfair practices are found — potentially targeting countries like Germany and Japan. This bold move signals Sheehy’s growing focus on trade policy and seeks to rebalance the global system so U.S. innovation isn’t unfairly subsidized by other nations. Listen in…