The Lower Costs, More Transparency Act

People need and want more affordable health care. The bipartisan Lower Costs, More Transparency Act will help people get access to the right care, at the right time, at a price they can afford. The bill is led by House Energy and Commerce Committee Chair Cathy McMorris Rodgers (R-WA), Ranking Member Frank Pallone, Jr. (D-NJ), House Committee on Ways and Means Chair Jason Smith (R-MO), and House Committee on Education and the Workforce Chair Virginia Foxx (R-NC).

The Lower Costs, More Transparency Act:

  • Increases price transparency throughout the health care system
  • Addresses the cost of prescription drugs
  • Supports patients, health care workers, community health centers, and hospitals

Chair Rodgers: “More than 60% of Americans are living paycheck to paycheck. It means they are just one medical bill away from a financial emergency. One doctor visit away from not being able to pay their rent, for their groceries, or gas. 

“A recent poll of Americans with health insurance found more than half ranked ‘reducing health care costs’ as their top health care policy priority. For a more secure and healthier future, people need more certainty and stability.” 

CLICK HERE to see Chair Rodgers full statement on the House Floor upon the passage of this landmark bill.

The Latest
E&C, Ways & Means, Ed & the Workforce Leaders Celebrate Passage of Bipartisan Bill to Lower Health Care Costs and Increase Transparency
Jun 25, 2026
Press Release
Chairmen Guthrie, Hill, and Jordan Write to Oppose EU Crackdown on American Companies

WASHINGTON, D.C. – Today, Congressman Brett Guthrie (KY-02), Chairman of the House Committee on Energy and Commerce, Congressman French Hill (AR-02), Chairman of the House Committee on Financial Services, and Congressman Jim Jordan (OH-04), Chairman of the House Committee on the Judiciary, sent a letter to European Union (EU) Ambassador to the United States Jovita Neliupsiene opposing the new Corporate Sustainability Due Diligence Directive (CSDDD).

“The EU’s CSDDD is yet another example in a concerning pattern of anti-competitive and anti-American business regulations. The Western world benefits from a strong Europe, but unfortunately, rather than pursuing freer markets and innovation, EU regulators continue to prefer heavy-handed government intervention. This course has hindered the European economy for the past two decades, and now the EU seeks to apply that same model outside of its borders,” said Chairman Guthrie. “I am hopeful that our allies in Europe will choose to roll back this punitive mandate on American businesses and avoid the need for Congress to consider legislation to rebalance the playing field.”

"The EU’s Corporate Sustainability Due Diligence Directive raises significant concerns about the overreach of European regulations to American companies. As implemented, this directive could impose costly compliance burdens, create legal uncertainty, and undermine the competitiveness of U.S. businesses that support millions of American jobs,” said Chairman Hill. “I appreciate Chairman Guthrie’s leadership in raising these concerns and encouraging a constructive dialogue with our European partners to ensure that regulatory frameworks promote growth and investment rather than unnecessary barriers to economic opportunity."

“The EU is once again deliberately targeting American companies,” said Chairman Jordan. “This time with a radical environmental agenda that harms the American economy.”

KEY LETTER EXCERPT:

“The compliance requirements are onerous and extraterritorial, imposing disproportionate burdens on American companies.” [...]

“Through passage of the CSDDD, the EU’s actions appear to be disadvantaging American and other non-EU businesses to the benefit of European firms.

“Instead of seeking meaningful domestic reforms that would strengthen European competitiveness, the European Parliament instead is choosing to export its heavy-handed regulatory regime by applying extraterritorial compliance burdens to international businesses without demonstrating meaningful benefits to justify the regulations.”

BACKGROUND:

  • A recent study found that initial compliance costs could range between $637 billion and $1.093 trillion, equivalent to the total costs of all current American environmental and financial regulations.

  • According to the same study, annual recurring costs range from $6 billion to $453 billion if including the implicit costs of changed conduct.

  • On October 29, 2025, the American Council for Capital Formation, International Franchise Association, National Association of Manufacturers, Small Business and Entrepreneurship Council, and the United States Chamber of Commerce opposed the new regulations, noting, “Economic growth would slow, supply chains would suffer, and transatlantic commerce and relations would only worsen. Neither the EU nor U.S. would benefit from that scenario.”

CLICK HERE to read the full letter.

CLICK HERE to read the New York Post’s exclusive coverage of the letter.

The Latest
The House Passed a Long-Needed Health Care Price Transparency Measure
Jun 25, 2026
Press Release
Chairmen Guthrie, Hill, and Jordan Write to Oppose EU Crackdown on American Companies

WASHINGTON, D.C. – Today, Congressman Brett Guthrie (KY-02), Chairman of the House Committee on Energy and Commerce, Congressman French Hill (AR-02), Chairman of the House Committee on Financial Services, and Congressman Jim Jordan (OH-04), Chairman of the House Committee on the Judiciary, sent a letter to European Union (EU) Ambassador to the United States Jovita Neliupsiene opposing the new Corporate Sustainability Due Diligence Directive (CSDDD).

“The EU’s CSDDD is yet another example in a concerning pattern of anti-competitive and anti-American business regulations. The Western world benefits from a strong Europe, but unfortunately, rather than pursuing freer markets and innovation, EU regulators continue to prefer heavy-handed government intervention. This course has hindered the European economy for the past two decades, and now the EU seeks to apply that same model outside of its borders,” said Chairman Guthrie. “I am hopeful that our allies in Europe will choose to roll back this punitive mandate on American businesses and avoid the need for Congress to consider legislation to rebalance the playing field.”

"The EU’s Corporate Sustainability Due Diligence Directive raises significant concerns about the overreach of European regulations to American companies. As implemented, this directive could impose costly compliance burdens, create legal uncertainty, and undermine the competitiveness of U.S. businesses that support millions of American jobs,” said Chairman Hill. “I appreciate Chairman Guthrie’s leadership in raising these concerns and encouraging a constructive dialogue with our European partners to ensure that regulatory frameworks promote growth and investment rather than unnecessary barriers to economic opportunity."

“The EU is once again deliberately targeting American companies,” said Chairman Jordan. “This time with a radical environmental agenda that harms the American economy.”

KEY LETTER EXCERPT:

“The compliance requirements are onerous and extraterritorial, imposing disproportionate burdens on American companies.” [...]

“Through passage of the CSDDD, the EU’s actions appear to be disadvantaging American and other non-EU businesses to the benefit of European firms.

“Instead of seeking meaningful domestic reforms that would strengthen European competitiveness, the European Parliament instead is choosing to export its heavy-handed regulatory regime by applying extraterritorial compliance burdens to international businesses without demonstrating meaningful benefits to justify the regulations.”

BACKGROUND:

  • A recent study found that initial compliance costs could range between $637 billion and $1.093 trillion, equivalent to the total costs of all current American environmental and financial regulations.

  • According to the same study, annual recurring costs range from $6 billion to $453 billion if including the implicit costs of changed conduct.

  • On October 29, 2025, the American Council for Capital Formation, International Franchise Association, National Association of Manufacturers, Small Business and Entrepreneurship Council, and the United States Chamber of Commerce opposed the new regulations, noting, “Economic growth would slow, supply chains would suffer, and transatlantic commerce and relations would only worsen. Neither the EU nor U.S. would benefit from that scenario.”

CLICK HERE to read the full letter.

CLICK HERE to read the New York Post’s exclusive coverage of the letter.

The Latest
Support for the Lower Costs, More Transparency Act
Jun 25, 2026
Press Release
Chairmen Guthrie, Hill, and Jordan Write to Oppose EU Crackdown on American Companies

WASHINGTON, D.C. – Today, Congressman Brett Guthrie (KY-02), Chairman of the House Committee on Energy and Commerce, Congressman French Hill (AR-02), Chairman of the House Committee on Financial Services, and Congressman Jim Jordan (OH-04), Chairman of the House Committee on the Judiciary, sent a letter to European Union (EU) Ambassador to the United States Jovita Neliupsiene opposing the new Corporate Sustainability Due Diligence Directive (CSDDD).

“The EU’s CSDDD is yet another example in a concerning pattern of anti-competitive and anti-American business regulations. The Western world benefits from a strong Europe, but unfortunately, rather than pursuing freer markets and innovation, EU regulators continue to prefer heavy-handed government intervention. This course has hindered the European economy for the past two decades, and now the EU seeks to apply that same model outside of its borders,” said Chairman Guthrie. “I am hopeful that our allies in Europe will choose to roll back this punitive mandate on American businesses and avoid the need for Congress to consider legislation to rebalance the playing field.”

"The EU’s Corporate Sustainability Due Diligence Directive raises significant concerns about the overreach of European regulations to American companies. As implemented, this directive could impose costly compliance burdens, create legal uncertainty, and undermine the competitiveness of U.S. businesses that support millions of American jobs,” said Chairman Hill. “I appreciate Chairman Guthrie’s leadership in raising these concerns and encouraging a constructive dialogue with our European partners to ensure that regulatory frameworks promote growth and investment rather than unnecessary barriers to economic opportunity."

“The EU is once again deliberately targeting American companies,” said Chairman Jordan. “This time with a radical environmental agenda that harms the American economy.”

KEY LETTER EXCERPT:

“The compliance requirements are onerous and extraterritorial, imposing disproportionate burdens on American companies.” [...]

“Through passage of the CSDDD, the EU’s actions appear to be disadvantaging American and other non-EU businesses to the benefit of European firms.

“Instead of seeking meaningful domestic reforms that would strengthen European competitiveness, the European Parliament instead is choosing to export its heavy-handed regulatory regime by applying extraterritorial compliance burdens to international businesses without demonstrating meaningful benefits to justify the regulations.”

BACKGROUND:

  • A recent study found that initial compliance costs could range between $637 billion and $1.093 trillion, equivalent to the total costs of all current American environmental and financial regulations.

  • According to the same study, annual recurring costs range from $6 billion to $453 billion if including the implicit costs of changed conduct.

  • On October 29, 2025, the American Council for Capital Formation, International Franchise Association, National Association of Manufacturers, Small Business and Entrepreneurship Council, and the United States Chamber of Commerce opposed the new regulations, noting, “Economic growth would slow, supply chains would suffer, and transatlantic commerce and relations would only worsen. Neither the EU nor U.S. would benefit from that scenario.”

CLICK HERE to read the full letter.

CLICK HERE to read the New York Post’s exclusive coverage of the letter.

Dive deeper on the Lower Costs, More Transparency Act:

Increases Price Transparency Throughout the Health Care System for Patients

  • Empowers patients and employers to shop for health care and make informed health care decisions by providing timely and accurate information about the cost of care, treatment, and services
  • Makes health care price information public by ensuring hospitals, insurance companies, labs, imaging providers, and ambulatory surgical centers publicly list the prices they charge patients, building upon the Trump administration price transparency rules
  • Lowers costs for patients and employers by requiring health insurers and pharmacy benefit managers (PBMs) to disclose negotiated drug rebates and discounts, revealing the true costs of prescription drugs

Addresses the Cost of Prescription Drugs

  • Lowers out-of-pocket costs for seniors who receive medication at a hospital-owned outpatient facility or doctor’s office 
  • Expands access to more affordable generic drugs 
  • Equips employer health plans with the drug price information they need to get the best deal possible for their employees

Supports Patients, Health Care Workers, Community Health Centers, and Hospitals

  • Fully pays for expiring programs that strengthen the health care system by: 
  • Supporting Community Health Centers, which are crucial for patients in rural and underserved areas
  • Supporting training programs for new doctors in communities
  • Preserving Medicaid for hospitals that take care of uninsured and low-income patients
The Latest
Americans Overwhelmingly Support Increased Transparency in Health Care
Jun 25, 2026
Press Release
Chairmen Guthrie, Hill, and Jordan Write to Oppose EU Crackdown on American Companies

WASHINGTON, D.C. – Today, Congressman Brett Guthrie (KY-02), Chairman of the House Committee on Energy and Commerce, Congressman French Hill (AR-02), Chairman of the House Committee on Financial Services, and Congressman Jim Jordan (OH-04), Chairman of the House Committee on the Judiciary, sent a letter to European Union (EU) Ambassador to the United States Jovita Neliupsiene opposing the new Corporate Sustainability Due Diligence Directive (CSDDD).

“The EU’s CSDDD is yet another example in a concerning pattern of anti-competitive and anti-American business regulations. The Western world benefits from a strong Europe, but unfortunately, rather than pursuing freer markets and innovation, EU regulators continue to prefer heavy-handed government intervention. This course has hindered the European economy for the past two decades, and now the EU seeks to apply that same model outside of its borders,” said Chairman Guthrie. “I am hopeful that our allies in Europe will choose to roll back this punitive mandate on American businesses and avoid the need for Congress to consider legislation to rebalance the playing field.”

"The EU’s Corporate Sustainability Due Diligence Directive raises significant concerns about the overreach of European regulations to American companies. As implemented, this directive could impose costly compliance burdens, create legal uncertainty, and undermine the competitiveness of U.S. businesses that support millions of American jobs,” said Chairman Hill. “I appreciate Chairman Guthrie’s leadership in raising these concerns and encouraging a constructive dialogue with our European partners to ensure that regulatory frameworks promote growth and investment rather than unnecessary barriers to economic opportunity."

“The EU is once again deliberately targeting American companies,” said Chairman Jordan. “This time with a radical environmental agenda that harms the American economy.”

KEY LETTER EXCERPT:

“The compliance requirements are onerous and extraterritorial, imposing disproportionate burdens on American companies.” [...]

“Through passage of the CSDDD, the EU’s actions appear to be disadvantaging American and other non-EU businesses to the benefit of European firms.

“Instead of seeking meaningful domestic reforms that would strengthen European competitiveness, the European Parliament instead is choosing to export its heavy-handed regulatory regime by applying extraterritorial compliance burdens to international businesses without demonstrating meaningful benefits to justify the regulations.”

BACKGROUND:

  • A recent study found that initial compliance costs could range between $637 billion and $1.093 trillion, equivalent to the total costs of all current American environmental and financial regulations.

  • According to the same study, annual recurring costs range from $6 billion to $453 billion if including the implicit costs of changed conduct.

  • On October 29, 2025, the American Council for Capital Formation, International Franchise Association, National Association of Manufacturers, Small Business and Entrepreneurship Council, and the United States Chamber of Commerce opposed the new regulations, noting, “Economic growth would slow, supply chains would suffer, and transatlantic commerce and relations would only worsen. Neither the EU nor U.S. would benefit from that scenario.”

CLICK HERE to read the full letter.

CLICK HERE to read the New York Post’s exclusive coverage of the letter.