You can view the latest draft of the proposed "Physician Payment Sunshine Act" here (technically, it's called the "Medicare, Medicaid, Children's Health Insurance Programs: Transparency Reports and Reporting of Physician Ownership or Investment Interests" and it was updated on Dec 19, 2011).
Here's a brief summary of the proposed act:
SUMMARY: This proposed rule would require applicable manufacturers ofYou can submit your comment electronically here
drugs, devices, biologicals, or medical supplies covered by Medicare,
Medicaid or the Children's Health Insurance Program (CHIP) to report
annually to the Secretary certain payments or transfers of value
provided to physicians or teaching hospitals (``covered recipients'').
In addition, applicable manufacturers and applicable group purchasing
organizations (GPOs) are required to report annually certain physician
ownership or investment interests. The Secretary is required to publish
applicable manufacturers' and applicable GPOs' submitted payment and
ownership information on a public Web site.