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HB1955 • 2026

Insurance, Health, Accident

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.

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Helton-Haynes, Reeves
Last action
2026-02-18
Official status
Sponsor(s) Added.
Effective date
Not listed

Plain English Breakdown

Checked against official source text during the last sync.

Pharmacy Benefits Manager Report Act

This bill requires the Tennessee commissioner of commerce and insurance to publish and submit a report on violations by pharmacy benefits managers related to timely reimbursements to pharmacies.

What This Bill Does

  • Requires the commissioner of commerce and insurance to publish a report about violations by pharmacy benefits managers.
  • The report must include data on alleged violations, findings from investigations, and penalties imposed.
  • This information is due to be submitted before October 1, 2026.

Who It Names or Affects

  • Pharmacy benefits managers who may face investigation or penalties for not meeting requirements.
  • The Tennessee commissioner of commerce and insurance who must create the report.
  • Legislators and staff who receive the report from the commissioner.

Terms To Know

pharmacy benefits manager
A company that manages prescription drug coverage for health plans.
timely reimbursements
Payments made to pharmacies quickly after they provide medications, as required by law or contract.

Limits and Unknowns

  • The bill does not specify what happens if a pharmacy benefits manager violates the rules.
  • It is unclear how this report will be used in future legislation or enforcement actions.

Bill History

  1. 2026-04-07 Tennessee General Assembly

    Assigned to General Subcommittee of Senate Commerce and Labor Committee

  2. 2026-04-01 Tennessee General Assembly

    Placed on Senate Commerce and Labor Committee calendar for 4/7/2026

  3. 2026-03-10 Tennessee General Assembly

    Action deferred in Senate Commerce & Labor Committee to 3/17/2026

  4. 2026-03-04 Tennessee General Assembly

    Placed on Senate Commerce and Labor Committee calendar for 3/10/2026

  5. 2026-03-03 Tennessee General Assembly

    Action deferred in Senate Commerce and Labor Committee to 3/10/2026

  6. 2026-02-24 Tennessee General Assembly

    Placed on Senate Commerce and Labor Committee calendar for 3/3/2026

  7. 2026-02-18 Tennessee General Assembly

    Sponsor(s) Added.

  8. 2026-02-18 Tennessee General Assembly

    Sponsor(s) Added.

  9. 2026-02-17 Tennessee General Assembly

    Sponsor(s) Added.

  10. 2026-02-04 Tennessee General Assembly

    Assigned to s/c Insurance Subcommittee

  11. 2026-02-04 Tennessee General Assembly

    P2C, ref. to Insurance Committee

  12. 2026-02-02 Tennessee General Assembly

    Intro., P1C.

  13. 2026-01-22 Tennessee General Assembly

    Filed for introduction

  14. 2026-01-22 Tennessee General Assembly

    Passed on Second Consideration, refer to Senate Commerce and Labor Committee

  15. 2026-01-21 Tennessee General Assembly

    Introduced, Passed on First Consideration

  16. 2026-01-20 Tennessee General Assembly

    Filed for introduction

Official Summary Text

Abstract summarizes the bill.

Current Bill Text

Read the full stored 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.