To amend the Employee Retirement Income Security Act of 1974 to ensure that pharmacy benefit managers are considered fiduciaries, and for other purposes.
Bill Summary
Requires pharmacy benefit managers to act in the best interests of retirement plan participants by considering them fiduciaries. This means they must manage prescription drug benefits fairly and transparently.
Sponsored By
Bill Journey
- Dec 18, 2025
- Dec 18, 2025You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects people with retirement plans that include prescription drug benefits, making pharmacy benefit managers more accountable to them. It also impacts pharmacy benefit managers, who would have to follow stricter rules to ensure they prioritize plan participants' interests.
Impact Areas
Support & Opposition
- Democratic1
- Republican1
Documents
1
Full text opens on congress.gov, the official source.
Cosponsors (1)
Bill Details
- Health
- Economy
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.