Sens. Chuck Grassley (R - Iowa) and Herb Kohl (D - Wis.) have proposed legislation that would require drug, device and biologics manufacturers to disclose payments made to physicians exceeding $100 annually. The legislation, known as the Physician Payments Sunshine Act of 2009, will amend Title XI of the Social Security Act to require disclosure of all payments made to physicians related to products for which payment is made under Medicare, Medicare or SCHIP. Compensation subject to disclosure would include consulting fees, gifts and charitable contributions. Not included are product samples for patient use, educational materials, and in-kind items used for charity care. The information disclosed would be publicly available, and would include the identity of the recipient and the nature of each payment made. Failing to disclose payments could result in civil monetary penalties of up to $1 million. You can read the entire bill here.