Tennessee HB 1955: Insurance, Health, Accident - As introduced, directs the commissioner of commerce and insurance to publish and submit to the general assembly on or before October 1, 2026, a report containing data on alleged statutory violations by pharmacy benefits managers during the previous fiscal year for failing to meet requirements for timely reimbursements to pharmacies; the report must include data on the number of alleged violations reported, the commissioner's findings from any ensuing investigations, and any penalties imposed for findings of violations. - Amends TCA Title 56, Chapter 7, Part 31 and Title 56, Chapter 7, Part 32.

Bill Text

SENATE BILL 1796
By Reeves

HOUSE BILL 1955
By Helton-Haynes
HB1955
010415
- 1 -

AN ACT to amend Tennessee Code Annotated, Title 56,
Chapter 7, Part 31 and Title 56, Chapter 7, Part
32, relative to pharmacy benefits managers.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE:
SECTION 1. The commissioner of commerce and insurance shall utilize existing
resources to publish a report, on or before October 1, 2026, that contains data on violations of §
56-7-3124 reported to the commissioner as alleged to have occurred during the fiscal year
ending June 30, 2026. The report must include the total number of violations reported, the
commissioner's findings as a result of any investigations into the alleged violations, and the
penalties imposed by the commissioner upon pharmacy benefits managers found to have
violated § 56-7-3124. The commissioner shall submit a copy of the report to the chief clerk of
the senate, the chief clerk of the house of representatives, and the legislative librarian. The
report may be published and delivered by electronic means.
SECTION 2. This act takes effect upon becoming a law, the public welfare requiring it.