Plain English Breakdown
The official source material does not provide specific details on how the funds will be used, only that they are intended for opioid abatement and remediation efforts.
Opioid Settlement Expansion Act
This bill adds Amneal Pharmaceuticals, Hikma Pharmaceuticals, Sun Pharmaceutical Industries, Indivior Inc., Viatris Inc., and Purdue Pharma L.P. to a list of companies that can be released from opioid-related claims by the attorney general with approval from the governor and comptroller.
What This Bill Does
- Adds Amneal Pharmaceuticals, Hikma Pharmaceuticals, Sun Pharmaceutical Industries, Indivior Inc., Viatris Inc., and Purdue Pharma L.P. to a list of companies that can be released from opioid-related claims by the attorney general with approval from the governor and comptroller.
- Includes settlement proceeds from these new companies in funds for counties and statewide opioid abatement efforts.
- Applies the bill's provisions not only to regular settlement agreements but also to bankruptcy plans related to opioid activities.
Who It Names or Affects
- The attorney general, governor, comptroller of the treasury, Tennessee Opioid Abatement Council, and various pharmaceutical companies involved in opioid distribution.
- Counties that join statewide opioid settlements and receive funding for abatement efforts.
Terms To Know
- Opioids
- Pain-relieving drugs that can be highly addictive if not used properly.
- Settlement agreement
- An agreement where parties involved in a legal dispute agree to settle the case without going to court.
Limits and Unknowns
- The exact amount of settlement proceeds from these companies cannot be determined.
- This bill does not specify how the funds will be used beyond stating they are for opioid abatement and remediation efforts.