Code · BILL · 115th Congress · H.R. 4117 (Introduced in House) — To prohibit brand name drug companies from compensating generic drug companies to delay the entry of a generic drug i... · Sec. 3

Sec. 3. Disallowance of tax deduction for civil penalties in connection with actions for unlawful compensation for delay

93 words·~1 min read·/bill/115/hr/4117/ih/section-3

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Section 162(f) of the Internal Revenue Code of 1986 is amended— by striking for any fine and inserting for— any fine ; and by striking the period at the end and inserting , and ; and by adding at the end the following new paragraph: any civil penalties paid or incurred in connection with a judgment in, or settlement of, a proceeding under section 27 of the Federal Trade Commission Act. . The amendments made by this section shall apply to taxable years ending after the date of the enactment of this Act.