New York A 3554: Prohibits banks from holding for deposit state issued check

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A03554 Summary:

BILL NOA03554 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORRajkumar

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §162-a, Civ Serv L

&nbsp

Requires state contracts for the services of pharmacy benefit managers under health insurance plans for state officers and employees to be procured pursuant to a reverse auction process.

Go to top A03554 Actions:

BILL NOA03554 

&nbsp

01/28/2025referred to governmental operations

01/07/2026referred to governmental operations

Go to topA03554 Committee&nbspVotes:

Go to topA03554 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA03554 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3554

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 28, 2025
 ___________

 Introduced by M. of A. RAJKUMAR -- read once and referred to the Commit-
 tee on Governmental Operations

 AN ACT to amend the civil service law, in relation to state contracts
 for the services of pharmacy benefit managers under health insurance
 plans for state officers and employees

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The civil service law is amended by adding a new section
 2 162-a to read as follows:
 3 § 162-a. Procurement of pharmacy benefit manager services. 1.
 4 Notwithstanding the provisions of this article or article eleven of the
 5 state finance law, if the state enters into a private contract for a
 6 pharmacy benefits manager, the president shall procure and enter into a
 7 contract for the services of a pharmacy benefits manager in connection
 8 with health insurance benefits under this article in accordance with a
 9 reverse auction process as provided for in this section, and pursuant to
 10 rules and regulations to be promulgated by the president, in consulta-
 11 tion with the state comptroller.
 12 2. In consultation with the technology platform vendor selected under
 13 subdivision six of this section, the president shall specify the terms
 14 of a participant bidding agreement that all bidders must accept as a
 15 prerequisite for participation in the reverse auction process, includ-
 16 ing:
 17 (a) common definitions;
 18 (b) prescription drug classifications;
 19 (c) retail pricing rules, including maximum allowable cost price lists
 20 and dispensing fees; and
 21 (d) any other contract terms the president deems necessary to further
 22 the purpose of this section.
 23 3. A pharmacy benefit manager who submits a bid under this section
 24 shall provide the president access to complete pharmacy claims data

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07473-01-5

 A. 3554 2

 1 necessary for the president to conduct the reverse auction and to carry
 2 out administrative and management duties.
 3 4. The terms of a contract entered into under this section shall not
 4 be modified by the pharmacy benefit manager except with the approval of
 5 the president.
 6 5. The president may structure the contract awarded under this section
 7 to pay the cost of the technology platform and the associated profes-
 8 sional services contracted for under this section by assessing a fee per
 9 prescription to be paid directly by the pharmacy benefit manager to the
 10 technology platform vendor.
 11 6. At least three months before the reverse auction process is sched-
 12 uled to be completed, the president shall procure through a competitive
 13 bidding process a contract with a professional services vendor for a
 14 technology platform and any associated professional services necessary
 15 to operate the platform to evaluate the qualifications of prospective
 16 pharmacy benefit manager bidders for the pharmacy benefit manager
 17 procurement and host and conduct an online automated reverse auction as
 18 required by this section.
 19 7. For the purposes of this section:
 20 (a) "Pharmacy benefit manager" shall have the same meaning as set
 21 forth in section two hundred eighty-a of the public health law; and
 22 (b) "Reverse auction" means an automated bidding process conducted
 23 online that starts with an opening price and allows qualified bidders to
 24 counteroffer a lower price for multiple rou