PBM Act of 2024
HR 10362, the PBM Act of 2024, prohibits entities from owning both pharmacies and insurance or pharmacy benefit manager (PBM) services. It requires entities violating this rule to divest pharmacies within three years of enactment. The bill allows government agencies to file civil actions for violations, mandating cessation of the dual ownership, divestiture, and disgorgement of revenue from the illegal period into a Federal Trade Commission fund for community health needs. This directly affects vertically integrated companies currently owning both pharmacies and insurance/PBM operations.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
President
Introduced Dec 11, 2024
Last action Dec 11, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Dec 11, 2024
Committee
Referred to the House Committee on the Judiciary.
lower
Dec 11, 2024
Introduced
Introduced in House
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Diana Harshbarger
RRepublican
Co
Jake Auchincloss
DDemocratic
Co
Jerrold Nadler
DDemocratic
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