S 3349
PBM Disclosure Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 8:52 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the PBM Disclosure Act, aims to increase transparency in how employers and health plans interact with pharmacy benefit managers (PBMs) and third-party administrators. It clarifies the existing requirement for these providers to disclose compensation paid to brokers and consultants who recommend or administer pharmacy services. Specifically, it expands the definition of ‘compensation’ to include indirect payments, ensuring a more complete picture of financial relationships. The bill directs the Department of Labor to create regulations to implement these changes.
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