A bill to amend title 35, United States Code, to extend the patent term for new drugs and new animal drugs.

Extends the patent term for new drugs and new animal drugs by setting the termination of such a patent on the earlier of: (1) a date 17 years after initial approval by the Secretary of Health, Education, and Welfare of an application for such drug; or (2) a date 27 years after the date the patent was issued.