Strengthens the 340B drug discount program by enhancing oversight, improving data transparency, and ensuring compliance.

The SECURE 340B Act aims to strengthen the 340B drug discount program by enhancing oversight, improving data transparency, and ensuring compliance. It mandates annual audits for covered entities and contract pharmacies, requiring them to submit complete and accurate data to a third-party clearinghouse. The bill also imposes civil monetary penalties for noncompliance and requires covered entities to maintain financial assistance policies for patients.

Strengthens the 340B drug discount program by enhancing oversight, improving data transparency, and ensuring compliance.

The SECURE 340B Act aims to strengthen the 340B drug discount program by enhancing oversight, improving data transparency, and ensuring compliance. It mandates annual audits for covered entities and contract pharmacies, requiring them to submit complete and accurate data to a third-party clearinghouse. The bill also imposes civil monetary penalties for noncompliance and requires covered entities to maintain financial assistance policies for patients.