Revises provisions relating to insurance. (BDR 57-777)
SB 316 regulates pharmacy benefit managers (PBMs), the companies that manage prescription drug coverage for insurers. It prohibits PBMs from steering patients to affiliated pharmacies, requiring them to disclose fees and rebates to insurers, and mandating that PBMs pass all rebates to insurers. Insurers must then use these rebate funds exclusively to lower premiums or reduce patient cost-sharing for prescriptions, and cannot charge patients more than the insurer pays for a drug. This directly affects PBMs, health insurers, and patients by increasing transparency and reducing out-of-pocket costs.
Bill status
passed
4 of 5 stages cleared
Introduction
Mar 2025
Committee Review
May 2025
Senate Passage
Jun 2025
Assembly Passage
Jun 2025
Governor
Introduced Mar 11, 2025
Last action Jun 4, 2025
Maddy AI version diff · 4 comparisons
What changed between versions
Reprint 3
→
Reprint 4
·
3 edits
MINOR
SB 316 was reprinted with amendments adopted on June 2, 2025, instead of June 1, 2025, and is now labeled as the Fourth Reprint rather than the Third Reprint. Assembly members Jauregui and Kasama were added as joint sponsors to the bill.
Scope change
The bill's scope remains focused on pharmacy benefit managers and prescription drug pricing, but the sponsorship now includes two additional Assembly members.
TECHNICAL
Added Assembly members Jauregui and Kasama as joint sponsors to the bill
Changed the reprint date from June 1, 2025 to June 2, 2025
Changed the reprint designation from Third Reprint to Fourth Reprint
Floor votes · Assembly Jun 2, 2025
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
11
Key actions
6
Committee
5
Jun 2, 2025
Upper · Passed
From printer. To reengrossment. Reengrossed. Third reprint.
Read third time. Amended. (Amend. No. 999.)
Dispensed with reprinting.
Read third time. Passed, as amended. Title approved, as amended. (Yeas: 42, Nays: None.) To printer.
upper
May 31, 2025
Upper · Passed
From committee: Do pass.
Placed on Second Reading File.
Read second time.
upper
May 29, 2025
Upper · Passed
From committee: Amend, and do pass as amended.
Placed on General File.
Read third time. Amended. (Amend. No. 848.)
Reprinting dispensed with.
Read third time. Passed, as amended. Title approved, as amended. (Yeas: 18, Nays: 2, Excused: 1.) To printer.
upper
Apr 22, 2025
Upper · Passed
From printer. To engrossment. Engrossed. First reprint.
To committee.
upper
Apr 18, 2025
Upper · Passed
From committee: Amend, and do pass as amended.
Placed on Second Reading File.
Notice of eligibility for exemption.
Read second time. Amended. (Amend. No. 190.)
Taken from General File. Re-referred to Committee on Finance. Exemption effective. To printer.
upper
Mar 12, 2025
Upper · Passed
From printer. To committee.
upper
3 primary · 5 co-sponsors
Sponsors
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