# 119-s-4987: Pharmaceutical Investment Oversight and Accountability Act

119-s-4987, Pharmaceutical Investment Oversight and Accountability Act, is a 119th Congress bill sponsored by Sen. Warren, Elizabeth [D-MA] (D-MA); status introduced (as of 2026-08-01).

- Canonical: https://policyrisk.com/legislation/119-s-4987
- As of: 2026-08-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4987
- Congress: 119
- Title: Pharmaceutical Investment Oversight and Accountability Act
- Status: introduced
- Introduced: 2026-07-15
- Sponsor: Sen. Warren, Elizabeth [D-MA] (D-MA)
- Cosponsors: 2
- Policy area: Health
- Touches household money: no
- Last recorded action: 2026-08-01

## Summary

**Would require the Federal Trade Commission to report annually on how foreign investment affects the U.S. pharmaceutical industry and DNA sequencing capacity.** The reports would assess supply chain concentration, impacts on domestic drug and ingredient production, effects on genome sequencing and storage, and the FTC would post an unclassified summary on its website. - Would require the FTC, working with the Treasury through the Committee on Foreign Investment in the United States, to deliver an initial report within 1 year and yearly updates to HHS, the FDA Commissioner, and specified congressional committees. - Would direct assessments of supply chain concentration and reliance on foreign manufacturing and of how foreign investment affects the U.S. capacity to produce drugs and active and inactive drug ingredients. - Would evaluate effects of foreign investment on DNA sequencing and storage technologies and on national capacity to sequence or store DNA. - Would require the report to include the number of Committee reviews and investigations in the prior 10 fiscal years related to covered transactions for drug manufacturing or DNA sequencing or storage and a short description of each outcome, including approvals, prohibitions, or approvals subject to mitigation agreements.

## Cosponsors (2)

- Sen. Scott, Rick [R-FL] (R-FL), 2026-07-15T00:00:00.000Z
- Sen. Gillibrand, Kirsten E. [D-NY] (D-NY), 2026-07-15T00:00:00.000Z

## Related bills

- 119-s-1541: SHIPS for America Act of 2025
- 119-s-5071: Children's Safe Welcome Act of 2026
- 119-s-5022: Cannabis Administration and Opportunity Act
- 119-s-2819: Head Start for America's Children Act
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-1241: Sanctioning Russia Act of 2025

## Sources
- [119-s-4987 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4987)

## Related
- [119-s-1541: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-s-1541)
- [119-s-5071: Children's Safe Welcome Act of 2026](https://policyrisk.com/legislation/119-s-5071)
- [119-s-5022: Cannabis Administration and Opportunity Act](https://policyrisk.com/legislation/119-s-5022)
- [119-s-2819: Head Start for America's Children Act](https://policyrisk.com/legislation/119-s-2819)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4987 (as of 2026-08-01).