H.R. 2823 would amend the Internal Revenue Code of 1986 to deny any deduction for direct-to-consumer advertisements of prescription drugs that fail to provide certain information or to present information in a balanced manner, it would amend the Federal Food, Drug, and Cosmetic Act to require reports regarding such advertisements, and it would amend such Code to deny any deduction for direct-to-consumer advertisements of qualified prescription drugs for a two-year period.

== Detailed Summary ==

<summary>
(Log inFair Balance Prescription Drug Advertisement Act of 2007 - Amends the Internal Revenue Code to editdisallow a tax deduction for: (1) expenses for direct-to-consumer prescription drug advertising that fails to provide adequate information on drug side effects, contraindications, or lack of effectiveness; and (2) expenses for direct-to-consumer prescription drug advertising of a new drug, a new combination of active substances, or a new delivery system for an existing drug for a two-year period after the wikiintroduction of such drug into interstate commerce.

Amends the Federal Food, Drug, and beCosmetic Act to require the firstSecretary of Health and Human Services to provide a detailed summaryreport to the Secretary of the bill!)Treasury on misbranding and other violations relating to direct-to-consumer prescription drug advertising.
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== Status of the Legislation ==

<status>
(LogLatest Major Action: 6/21/2007: Referred to House committee. Status: Referred to the Committee on Ways and Means, and in addition to edit the wikiCommittee on Energy and Commerce, for a period to be subsequently determined by the first to updateSpeaker, in each case for consideration of such provisions as fall within the statusjurisdiction of the bill!)committee concerned.
</status>

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== Points in Favor ==

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== Points Against ==

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