Senators introduced a bipartisan bill aimed at lowering prescription drug costs for seniors, particularly for chronic conditions.
Quiver AI Summary
U.S. Senators Peter Welch, John Cornyn, Jacky Rosen, and Thom Tillis have introduced the "Share the Savings with Seniors Act of 2025." The bipartisan bill aims to reduce out-of-pocket prescription drug costs for seniors with chronic conditions by ensuring they directly benefit from savings negotiated by pharmacy benefit managers and insurers.
Senator Welch stated, "Americans pay more for prescription drugs than any other country... the rising cost of prescription drugs is especially harmful to seniors." Senator Cornyn emphasized that the legislation would leverage negotiated savings to reduce costs at pharmacy counters. The act is endorsed by Patients for Affordable Drugs and other groups.
The bill requires full rebate pass-through for chronic condition medications, promoting better access and affordability for seniors. Currently, many face high costs as they pay based on list prices rather than net prices after rebates, driving up expenses at the pharmacy.
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Peter Welch Net Worth
Quiver Quantitative estimates that Peter Welch is worth $10.0M, as of September 11th, 2025. This is the 106th highest net worth in Congress, per our live estimates.
Welch has approximately $5.8M invested in publicly traded assets which Quiver is able to track live.
You can track Peter Welch's net worth on Quiver Quantitative's politician page for Welch.
Peter Welch Bill Proposals
Here are some bills which have recently been proposed by Peter Welch:
- S.2717: A bill to amend the Food and Nutrition Act of 2008 to allow for deductions of student loan payments from income.
- S.2672: SANCTIONS in the West Bank Act
- S.2455: TRAIN Act
- S.2447: Repealing the Trump Sick Tax Act
- S.2442: O DAIRY Act of 2025
- S.2383: CANADA Act
You can track bills proposed by Peter Welch on Quiver Quantitative's politician page for Welch.
Peter Welch Fundraising
Peter Welch recently disclosed $16.8K of fundraising in a Q2 FEC disclosure filed on July 15th, 2025. This was the 817th most from all Q2 reports we have seen this year. 64.3% came from individual donors.
Welch disclosed $77.4K of spending. This was the 577th most from all Q2 reports we have seen from politicians so far this year.
Welch disclosed $1.7M of cash on hand at the end of the filing period. This was the 189th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Peter Welch's fundraising on Quiver Quantitative.
