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Increased Transparency for Pharmacy Benefit Managers in Employer Health Plans

This Act aims to clarify the requirement to disclose direct and indirect compensation from entities providing pharmacy benefit management (PBM) services or third-party administration (TPA) services to employer-sponsored health plans. These changes involve amendments to the Employee Retirement Income Security Act (ERISA).
Key points
Pharmacy benefit managers and health plan administrators will be required to disclose all direct and indirect compensation they receive.
According to the Sense of Congress, the changes are intended to clarify existing regulations regarding covered service providers rather than impose new requirements.
The U.S. Department of Labor will issue detailed regulations within 180 days of the Act's enactment to clarify the requirements for disclosing this information.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_3349
Sponsor: Sen. Marshall, Roger [R-KS]
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

PBM Disclosure Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_3349.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

What are the main provisions?

Key points include:

  • Pharmacy benefit managers and health plan administrators will be required to disclose all direct and indirect compensation they receive.
  • According to the Sense of Congress, the changes are intended to clarify existing regulations regarding covered service providers rather than impose new requirements.
  • The U.S. Department of Labor will issue detailed regulations within 180 days of the Act's enactment to clarify the requirements for disclosing this information.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Marshall, Roger [R-KS].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-01.

CATEGORIES

Health Labor