VA SB660 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on April 8 2024 - 100% progression
Action: 2024-04-08 - Governor: Acts of Assembly Chapter text (CHAP0626)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 3-0)
Status: Passed on April 8 2024 - 100% progression
Action: 2024-04-08 - Governor: Acts of Assembly Chapter text (CHAP0626)
Text: Latest bill text (Chaptered) [HTML]
Summary
Health insurance; pharmacy benefits managers; reporting requirements; civil penalty. Provides that a person that violates the existing requirement to obtain a license prior to providing pharmacy benefits management services or otherwise acting as a pharmacy benefits manager may be subject to a civil penalty of $5,000 for each day on which such violation occurs. The bill adds additional requirements to existing reporting requirements for insurance carriers relating to pharmacy benefits managers. Such additional requirements include (i) the aggregate amount of a pharmacy benefits manager's retained rebates, as defined in the bill; (ii) a pharmacy benefits manager's aggregate retained rebate percentage, as defined in the bill; and (iii) the aggregate amount of administrative fees received by a pharmacy benefits manager.
Title
Health insurance; pharmacy benefits managers, reporting requirements, civil penalty.
Sponsors
Roll Calls
2024-02-20 - House - House: VOTE: Block Vote Passage (98-Y 0-N) (Y: 98 N: 0 NV: 0 Abs: 2) [PASS]
2024-02-15 - House - House: Reported from Labor and Commerce (19-Y 0-N) (Y: 19 N: 0 NV: 0 Abs: 3) [PASS]
2024-02-08 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-08 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-07 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-05 - Senate - Senate: Reported from Commerce and Labor with amendments (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-15 - House - House: Reported from Labor and Commerce (19-Y 0-N) (Y: 19 N: 0 NV: 0 Abs: 3) [PASS]
2024-02-08 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-08 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-07 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-05 - Senate - Senate: Reported from Commerce and Labor with amendments (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-08 | Governor: Acts of Assembly Chapter text (CHAP0626) | |
| 2024-04-08 | Governor: Approved by Governor-Chapter 626 (effective 7/1/24) | |
| 2024-03-11 | Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024 | |
| 2024-03-11 | Senate | Enrolled Bill Communicated to Governor on March 11, 2024 |
| 2024-02-29 | Senate | Signed by President |
| 2024-02-26 | House | Signed by Speaker |
| 2024-02-26 | Senate | Bill text as passed Senate and House (SB660ER) |
| 2024-02-26 | Senate | Enrolled |
| 2024-02-20 | House | VOTE: Block Vote Passage (98-Y 0-N) |
| 2024-02-20 | House | Passed House BLOCK VOTE (98-Y 0-N) |
| 2024-02-20 | House | Read third time |
| 2024-02-19 | House | Read second time |
| 2024-02-15 | House | Reported from Labor and Commerce (19-Y 0-N) |
| 2024-02-14 | House | Referred to Committee on Labor and Commerce |
| 2024-02-14 | House | Read first time |
| 2024-02-14 | House | Placed on Calendar |
| 2024-02-08 | Senate | Read third time and passed Senate (40-Y 0-N) |
| 2024-02-08 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2024-02-08 | Senate | Printed as engrossed 24104081D-E |
| 2024-02-08 | Senate | Engrossed by Senate as amended SB660E |
| 2024-02-08 | Senate | Committee amendments agreed to |
| 2024-02-08 | Senate | Reading of amendments waived |
| 2024-02-08 | Senate | Read second time |
| 2024-02-07 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2024-02-05 | Senate | Reported from Commerce and Labor with amendments (15-Y 0-N) |
| 2024-01-15 | Senate | Referred to Committee on Commerce and Labor |
| 2024-01-15 | Senate | Presented and ordered printed 24104081D |
Same As/Similar To
HB1402 (Similar To) 2024-04-02 - Governor: Acts of Assembly Chapter text (CHAP0329)
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 38 | 2 | 3465 | (n/a) | See Bill Text |
| 38 | 2 | 3466 | (n/a) | See Bill Text |
| 38 | 2 | 3468 | (n/a) | See Bill Text |
