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Bill > HB1955
TN HB1955
TN HB1955AN ACT to amend Tennessee Code Annotated, Title 56, Chapter 7, Part 31 and Title 56, Chapter 7, Part 32, relative to pharmacy benefits managers.
summary
Introduced
01/22/2026
01/22/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, directs the commissioner of commerce and insurance to publish and submit to the general assembly on or before October 1, 2026, a report containing data on alleged statutory violations by pharmacy benefits managers during the previous fiscal year for failing to meet requirements for timely reimbursements to pharmacies; the report must include data on the number of alleged violations reported, the commissioner's findings from any ensuing investigations, and any penalties imposed for findings of violations. - Amends TCA Title 56, Chapter 7, Part 31 and Title 56, Chapter 7, Part 32.
AI Summary
This bill requires the Tennessee Commissioner of Commerce and Insurance to compile and submit a report to the General Assembly by October 1, 2026, detailing alleged violations by pharmacy benefits managers (PBMs) during the previous fiscal year. PBMs are companies that manage prescription drug benefits on behalf of health insurers, pharmacy benefit plans, and other payers. The report will specifically focus on PBMs failing to meet requirements for timely reimbursements to pharmacies, a common point of contention in the industry. It must include the total number of alleged violations reported, the findings from any investigations conducted by the Commissioner into these allegations, and any penalties imposed on PBMs found to have violated the law, specifically referencing section 56-7-3124 of Tennessee Code Annotated. The Commissioner is directed to use existing resources to create this report, which can be published and delivered electronically.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Sponsor(s) Added. (on 02/18/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=HB1955&ga=114 |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/HB1955.pdf |
| Fiscal Note - SB1796 | https://www.capitol.tn.gov/Bills/114/Fiscal/SB1796.pdf |
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