TO AMEND THE ARKANSAS PHARMACY BENEFITS MANAGER LICENSURE ACT; TO ESTABLISH FEES UNDER THE ARKANSAS PHARMACY BENEFITS MANAGER LICENSURE ACT; AND TO REQUIRE REPORTING OF CERTAIN INFORMATION BY A PHARMACY BENEFITS MANAGER.
House Bill 1602 amends the Arkansas Pharmacy Benefits Manager Licensure Act, establishing annual application fees for pharmacy benefits managers (PBMs) operating in the state. The bill allows the commissioner to reduce these fees if a PBM demonstrates financial hardship, particularly when serving a limited number of Arkansas patients or offering limited services. While information from PBM examinations is generally confidential, certain reported data can be made available through a secure online database or directly upon request from Arkansas-licensed pharmacists, pharmacies, or their administrative organizations.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
Apr 2025
House Passage
Apr 2025
Senate Passage
Apr 2025
Signed into Law
Apr 2025
Introduced Feb 26, 2025
Signed Apr 16, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Act 633
→
HB 1602
·
1 edit
MINOR
The bill text was reformatted from 'Act 633' to 'HB 1602' with updated session information for the 95th General Assembly in 2025. No substantive policy changes were identified in the provided excerpt.
TECHNICAL
Bill identifier changed from Act 633 to HB 1602 with updated session dates (H3/13/25 S4/7/25) and formatting adjustments.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
22
Key actions
9
Committee
4
Amendments
1
Apr 16, 2025
Signed into law
Notification that HB1602 is now Act 633
lower
Apr 10, 2025
Lower · Passed
Senate amendment # 1 read and concurred in.
lower
Apr 10, 2025
Lower · Passed
Returned by the Committee with the recommendation that it do pass, concur in Senate Amendment No. 1
lower
Apr 9, 2025
Committee
Re-referred to the Committee on INSURANCE & COMMERCE- HOUSE
lower
Apr 9, 2025
Lower · Passed
Returned from Senate as passed, as amended # 1
lower
Apr 9, 2025
Upper · Passed
Returned to the House as passed as amended # 1 .
upper
Apr 9, 2025
Upper · Passed
Read the third time and passed.
upper
Apr 3, 2025
Upper · Passed
Returned by the Committee with the recommendation that it Do Pass as amended, Amendment # 1
upper
Mar 17, 2025
Lower · Passed
Read the third time and passed and ordered transmitted to the Senate.
lower
Mar 13, 2025
Introduced
Amendment No. 1 read and adopted and the bill ordered engrossed.
lower
Mar 12, 2025
Lower · Passed
Returned by the Committee with the recommendation that it do pass as amended 1
lower
Feb 26, 2025
Introduced
Filed
lower
2 primary · 0 co-sponsors
Sponsors
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