Physician Payments Sunshine Act - Did You Know?

Did You Know?

The Physician Payments Sunshine Act, sponsored by Senators Charles Grassley (Republican - Iowa) and Herb Kohl (Democrat - Wisconsin) seeks to establish a national registry of industry payments to physicians, and impose strict rules for disclosing financial relationships between drug and medical device companies and doctors.

The bill would impose strong penalties for non-compliance. They range from $1,000 -- $10,000 per failure to report due to an unintentional error, and civil fines up to $10,000 -- $100,000 per violation, with a ceiling on total fines as high as $1 million, for companies that intentionally fail to report a transfer.

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