Democratic lawmakers in the United States Senate have reached an agreement on lowering the costs of prescription drugs, particularly for seniors, to smoothen over a dispute in the safety net bill valued at $1.75 trillion, according to US media reports citing statements from majority leader Chuck Schumer.

The agreement has got Senate Democrats one step closer to tightly sealed consensus in the legislative house as Kyrsten Sinema, a member of the Democratic party and lawmaker from Arizona, endorsed the deal.

Sinema –in addition to West Virginia Senator Joe Manchin— has been a key holdout for the sweeping bill put forward by the administration of United States President Joe Biden.

“I am pleased to announce that an agreement has been reached to lower prescription drug prices for seniors and families in the Build Back Better legislation”, Schumer said in a statement on Tuesday, according to reports from NBC News.

The Democratic Senate majority leader added, “Fixing prescription drug pricing has consistently been a top issue for Americans, year after year, including the vast majority of both Democrats and Republicans.”

The deal has been hailed by multiple members of the Democratic party including Senator Chris Murphy, Speaker of House of Representatives Nancy Pelosi among others.

Pelosi said in a statement, “For a generation, House Democrats have been fighting to deliver real drug price negotiations that will lower costs.”

The 81-year-old lawmaker added, “With today’s agreement on strong lower drug price provisions for the Build Back Better Act, Democrats have a path forward to make good on this transformational agenda for our seniors.”

While explaining the details about the new deal, Pelosi said it cuts back the expenses for seniors and establishes a $2,000 out-of-pocket limit. Additionally, the bill would also limit price hikes above inflation.