A bill to permit the advertising of drug prices and to require retailers of prescription drugs to post the prices of certain commonly prescribed drugs.

Prescription Drug Price Information Act - Requires drug retailers to post prominently a list of the prices of the one hundred prescription drug products that had the highest dollar volume of retail sales by such drug retailer. Enables any person, including States, to commence a civil action to obtain an injunction restraining any drug retailer from violating this Act.

Prescribtion Drug Advertising Act - Directs the Federal Trade Commission, in cooperation with the Secretary of Health, Education, and Welfare and with the appropriate agency of any State, to establish programs and procedures to implement the advertising, at the discretion of vendors, of prescription drug prices, and to eliminate any legal impediments to such advertising. Defines as an unfair act or practice under the Federal Trade Commission Act the prohibition or burdening of advertising of prescription drug prices.