SB 1500: Pharmacy benefit managers; prohibiting certain payment from conditioned on certain provisions; prohibiting certain provider from bearing risks; requiring certain payments; establishing accounting requirements; authorizing Attorney General to levy fines. Effective date. - Oklahoma

Floor (House) → Floor (Senate) · 5 edits

MODERATE

The bill was converted from the House version to the Senate floor version, updating the header, session details, and sponsor credits. The substantive definitions within the text remain largely consistent, though the Senate version adds two new definitions: 'Plan sponsor' and 'Provider', and slightly reorganizes the formatting of existing terms.

Scope change

The bill's scope remains focused on regulating pharmacy benefits managers (PBMs) in Oklahoma; no substantive changes to applicability or coverage were found in the provided text.

TECHNICAL

Updated document headers to reflect 'Senate Floor Version' and changed the legislative session reference from '2nd Session of the 60th Legislature' to 'Committee Substitute'.

Revised the list of bill sponsors to include Newton of the House, replacing the previous House-only listing.

Adjusted the formatting and numbering of existing definitions, such as renumbering 'Covered individual' from item 3 to item 4, and adding specific sub-definitions for 'Provider'.

DEFINITION

Added a new definition for 'Plan sponsor' to identify entities responsible for establishing or administering health benefit plans.

Added a new definition for 'Provider' to define a pharmacy licensed by the State Board.

SB1500 (3-12-26) (JECH) FS FA1.PDF → Floor (House) · 3 edits

MINOR

The bill text was converted from a Senate floor substitute version to a House floor version, updating the header, sponsor credits, and page numbering. The substantive policy content, including the definitions of terms like 'Payor' and 'Pharmacy benefits manager' and the list of covered entities, remains identical between the two versions.

Scope change

The scope and applicability of the bill have not changed; only the document format and administrative metadata were updated.

TECHNICAL

Updated the document title from 'FLOOR SUBSTITUTE' to 'ENGROSSED SENATE BILL' and changed the sponsor credit to include 'Bullard of the Senate'.

Reordered the header information to reflect the House of Representatives floor version, moving the session details to the top.

Replaced the original page numbering and request numbers with new House floor page numbers and added a note indicating that bold face text denotes committee amendments.

Enrolled (final version) → SB1500 (3-12-26) (JECH) FS FA1.PDF · 1 edit

MINOR

The bill text was reformatted from a standard legislative layout to a version with line numbers and page headers, likely for internal tracking or amendment purposes. The substantive legal content, including the definitions of terms like 'Clean claim' and 'Payor' and the scope of the Pharmacy Benefits Manager regulations, remains identical to the original enrolled version.

TECHNICAL

The document structure was changed to include line numbers (1-24) and page footers (e.g., 'Req. No. 3798'), while removing the original 'ENROLLED SENATE' header and introductory text.

Engrossed → Enrolled (final version) · 1 edit · Apr 30, 2026

MINOR

The bill was finalized and renamed from 'Engrossed' to 'Enrolled,' indicating it is the final version ready for signing into law. The substantive policy content, including definitions and amendments to state statutes regarding pharmacy benefits managers, remains unchanged from the previous version.

TECHNICAL

The document header was updated to reflect the final 'Enrolled' status, and the list of sponsors was slightly expanded to include 'Burns.'

Introduced → Engrossed · 3 edits · Mar 30, 2026

MINOR

The bill was updated from its introduced version to its engrossed version, reflecting final legislative amendments and sponsor additions. The most significant substantive change is the expansion of the definition of 'Pharmacy benefits manager' (PBM) to explicitly include individuals acting on behalf of PBMs in contractual or employment relationships, thereby broadening the scope of entities subject to the law's regulations. Additionally, the definition of 'Payor' was modified to clarify that it does not include covered individuals, ensuring the law applies to payers rather than patients.

Scope change

The bill's scope was expanded to include affiliates, agents, contractors, and employees acting on behalf of pharmacy benefits managers, ensuring these related parties are held to the same standards as the primary PBM entities.

DEFINITION

The definition of 'Pharmacy benefits manager' was modified to explicitly include persons or entities acting on behalf of a PBM in contractual or employment relationships, broadening regulatory oversight.

The definition of 'Payor' was modified to add a specific exclusion stating that the term does not include a covered individual, clarifying that patients are not subject to payor obligations.

TECHNICAL

Sponsor names were added to the header, and page numbering/formatting was updated to reflect the final engrossed version of the bill.

Pharmacy benefit managers; prohibiting certain payment from conditioned on certain provisions; prohibiting certain provider from bearing risks; requiring certain payments; establishing accounting requirements; authorizing Attorney General to levy fines. Effective date.

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