Fabio
98 lines
6.3 KiB
Markdown
98 lines
6.3 KiB
Markdown
---
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type: "Bill"
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title: "Health insurance; pharmacy benefits managers, reporting requirements, civil penalty."
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description: "Health insurance; pharmacy benefits managers; reporting requirements; civil penalty. Provides that a person that violates the existing requirement to obtain a license prior to providing pharmacy benefits management services or otherwise acting as a pharmacy benefits manager shall be subject to a civil penalty of $5,000 for each day on which such violation occurs. The bill adds additional requirements to existing reporting requirements for insurance carriers relating to pharmacy benefits managers. Such additional requirements include (i) the aggregate amount of a pharmacy benefits manager's retained rebates, as defined in the bill; (ii) a pharmacy benefits manager's aggregate retained rebate percentage, as defined in the bill; (iii) a pharmacy benefits manager's retained rebate percentage, as defined in the bill, for each health benefit plan; and (iv) the aggregate amount of administrative fees received by a pharmacy benefits manager."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2024"
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identifier: "SB 660"
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citation: "Virginia SB 660 (2024)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Jennifer D. Carroll Foy"]
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version_count: 4
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action_count: 31
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vote_count: 6
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first_action: "2024-01-15"
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last_action: "2024-04-08"
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source: "openstates"
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source_identifier: "ocd-bill/b4182c53-e539-44dc-8ca2-e6e1bba21416"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB660"
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source_hash: "85407425d20a1a04a0c537fc0947be7399b0dcff040364015e59add5b62fbd5f"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia SB 660 (2024) — Health insurance; pharmacy benefits managers, reporting requirements, civil penalty.
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Health insurance; pharmacy benefits managers; reporting requirements; civil penalty. Provides that a person that violates the existing requirement to obtain a license prior to providing pharmacy benefits management services or otherwise acting as a pharmacy benefits manager shall be subject to a civil penalty of $5,000 for each day on which such violation occurs. The bill adds additional requirements to existing reporting requirements for insurance carriers relating to pharmacy benefits managers. Such additional requirements include (i) the aggregate amount of a pharmacy benefits manager's retained rebates, as defined in the bill; (ii) a pharmacy benefits manager's aggregate retained rebate percentage, as defined in the bill; (iii) a pharmacy benefits manager's retained rebate percentage, as defined in the bill, for each health benefit plan; and (iv) the aggregate amount of administrative fees received by a pharmacy benefits manager.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **CHAP0626** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0626)
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2. **Presented and ordered printed 24104081D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB660)
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3. **Printed as engrossed 24104081D-E** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB660E)
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4. **SB660ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB660ER)
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## Votes
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- Reported from Labor and Commerce (19-Y 0-N) — **19–0** (pass) · lower
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- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
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- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
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- Reported from Commerce and Labor with amendments (15-Y 0-N) — **15–0** (pass) · upper
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- Read third time and passed Senate (40-Y 0-N) — **40–0** (pass) · upper
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- VOTE: Block Vote Passage (98-Y 0-N) — **97–0** (pass) · lower
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## Sponsors
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- Jennifer D. Carroll Foy — primary (person)
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- Angelia Williams Graves — cosponsor (person)
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- Suhas Subramanyam — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2024-01-15** Presented and ordered printed 24104081D `introduction`
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- **2024-01-15** Referred to Committee on Commerce and Labor `referral-committee`
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- **2024-02-05** Impact statement from SCC (SB660)
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- **2024-02-05** Senate committee, floor amendments and substitutes offered
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- **2024-02-05** Reported from Commerce and Labor with amendments (15-Y 0-N) `committee-passage`
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- **2024-02-07** Constitutional reading dispensed (40-Y 0-N)
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- **2024-02-08** Read second time `reading-2`
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- **2024-02-08** Reading of amendments waived
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- **2024-02-08** Committee amendments agreed to `amendment-passage`
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- **2024-02-08** Engrossed by Senate as amended SB660E
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- **2024-02-08** Printed as engrossed 24104081D-E
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- **2024-02-08** Constitutional reading dispensed (40-Y 0-N)
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- **2024-02-08** Read third time and passed Senate (40-Y 0-N) `passage, reading-3`
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- **2024-02-14** Placed on Calendar
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- **2024-02-14** Read first time `reading-1`
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- **2024-02-14** Referred to Committee on Labor and Commerce `referral-committee`
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- **2024-02-15** Reported from Labor and Commerce (19-Y 0-N) `committee-passage`
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- **2024-02-19** Read second time `reading-2`
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- **2024-02-19** Impact statement from SCC (SB660E)
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- **2024-02-20** Read third time `reading-3`
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- **2024-02-20** Passed House BLOCK VOTE (98-Y 0-N) `passage`
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- **2024-02-20** VOTE: Block Vote Passage (98-Y 0-N) `passage`
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- **2024-02-26** Enrolled `enrolled`
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- **2024-02-26** Bill text as passed Senate and House (SB660ER) `passage`
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- **2024-02-26** Signed by Speaker `passage`
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- **2024-02-29** Signed by President `passage`
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- **2024-03-05** Impact statement from SCC (SB660ER)
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- **2024-03-11** Enrolled Bill Communicated to Governor on March 11, 2024 `enrolled`
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- **2024-03-11** Governor's Action Deadline 11:59 p.m., April 8, 2024 `executive-receipt`
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- **2024-04-08** Approved by Governor-Chapter 626 (effective 7/1/24) `executive-signature`
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- **2024-04-08** Acts of Assembly Chapter text (CHAP0626)
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b4182c53-e539-44dc-8ca2-e6e1bba21416`. Confidence: reported (aggregated from official Virginia legislature records).
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