Bill
Bill > S3330
US S3330
US S3330A bill to require the Secretary of Labor to conduct a study on the fiduciary duties of pharmacy benefit managers.
summary
Introduced
11/15/2023
11/15/2023
In Committee
11/15/2023
11/15/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to require the Secretary of Labor to conduct a study on the fiduciary duties of pharmacy benefit managers.
AI Summary
This bill requires the Secretary of Labor to conduct a study on the impacts of reclassifying pharmacy benefit managers (PBMs) as fiduciaries under the Employee Retirement Income Security Act (ERISA). If PBMs were considered fiduciaries, they would be subject to the responsibilities and disclosure requirements imposed on fiduciaries, but would still be able to retain bona fide service fees that meet certain criteria. The study must be completed and reported to Congress within 2 years of the bill's enactment.
Committee Categories
Health and Social Services
Sponsors (6)
Mike Braun (R)*,
Ted Budd (R),
Maggie Hassan (D),
Tim Kaine (D),
Ben Ray Luján (D),
Roger Marshall (R),
Last Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (on 11/15/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/3330/all-info |
| BillText | https://www.congress.gov/118/bills/s3330/BILLS-118s3330is.pdf |
Loading...