VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2024 SESSION

• | print version

HB 1402 Health insurance; pharmacy benefits managers, reporting requirements, civil penalty.

Introduced by: Atoosa R. Reaser | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

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. This bill is identical to SB 660.

FULL TEXT

• 01/17/24  House: Presented and ordered printed 24104835D  pdf | impact statement
• 02/06/24  House: Printed as engrossed 24104835D-E  pdf | impact statement
• 02/27/24  House: Bill text as passed House and Senate (HB1402ER)  pdf | impact statement
• 04/02/24  Governor: Acts of Assembly Chapter text (CHAP0329)  pdf

AMENDMENTS

• House subcommittee amendments and substitutes offered
• House subcommittee amendments and substitutes adopted
• House amendments adopted

HISTORY

• 01/17/24  House: Presented and ordered printed 24104835D
• 01/17/24  House: Referred to Committee on Labor and Commerce
• 01/23/24  House: Assigned L & C sub: Subcommittee #1
• 01/30/24  House: Subcommittee recommends reporting with amendments (6-Y 1-N)
• 02/01/24  House: Reported from Labor and Commerce with amendment(s) (22-Y 0-N)
• 02/05/24  House: Read first time
• 02/06/24  House: Read second time
• 02/06/24  House: Committee amendments agreed to
• 02/06/24  House: Engrossed by House as amended HB1402E
• 02/06/24  House: Printed as engrossed 24104835D-E
• 02/07/24  House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
• 02/07/24  House: VOTE: Block Vote Passage (100-Y 0-N)
• 02/08/24  Senate: Constitutional reading dispensed
• 02/08/24  Senate: Referred to Committee on Commerce and Labor
• 02/19/24  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 02/21/24  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/22/24  Senate: Read third time
• 02/22/24  Senate: Passed Senate (40-Y 0-N)
• 02/27/24  House: Enrolled
• 02/27/24  House: Bill text as passed House and Senate (HB1402ER)
• 02/27/24  House: Signed by Speaker
• 03/01/24  Senate: Signed by President
• 03/11/24  House: Enrolled Bill communicated to Governor on March 11, 2024
• 03/11/24  Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
• 04/02/24  Governor: Approved by Governor-Chapter 329 (effective 7/1/24)
• 04/02/24  Governor: Acts of Assembly Chapter text (CHAP0329)