Expanding Access to Affordable Drugs and Medical Devices Act

This bill creates a new tax-exempt status ("public interest drug or medical device health care organization") for nonprofit organizations that manufacture or distribute affordable drugs and medical devices. To qualify, organizations must primarily focus on making eligible drugs/devices affordable (addressing shortages, unmet health needs, or public health emergencies), avoid conflicts with for-profit manufacturers, and meet strict board composition rules. Key provisions require organizations to agree to prioritize supplying designated drugs/devices to the federal strategic stockpile at cost during emergencies. The bill directly affects qualifying nonprofits seeking tax exemption, not patients or healthcare providers.