[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 1543 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                S. 1543

To require regulations concerning the disclosure of direct and indirect 
   compensation from entities providing pharmacy benefit management 
            services or third-party administration services.


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                   IN THE SENATE OF THE UNITED STATES

                              May 10, 2023

 Mr. Marshall introduced the following bill; which was read twice and 
  referred to the Committee on Health, Education, Labor, and Pensions

_______________________________________________________________________

                                 A BILL


 
To require regulations concerning the disclosure of direct and indirect 
   compensation from entities providing pharmacy benefit management 
            services or third-party administration services.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DISCLOSURE OF DIRECT AND INDIRECT COMPENSATION FOR BROKERS 
              AND CONSULTANTS TO EMPLOYER-SPONSORED HEALTH PLANS.

    Not later than 1 year after the date of enactment of this Act, the 
Secretary of Labor shall promulgate regulations clarifying the 
requirements of section 408(b)(2)(B) of the Employee Retirement Income 
Security Act of 1974 (29 U.S.C. 1108(b)(2)(B)) with respect to covered 
service providers (as defined in subclause (I)(bb) of such section) 
that are entities providing pharmacy benefit management services or 
third-party administration services, and begin implementing such 
regulations.
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