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PBM Act

S. 4509 Sen. Elizabeth Warren (D-MA) In committee
Bill text PDF
  1. Introduced May 13
  2. Committee May 13
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, May 13, 2026Next: Senate vote
168d ago May 13, 2026: Read twice and referred to the Committee on the Judiciary.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
2companies, 4 filings
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Member trades
3trades in the last 90 days
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Companies lobbying on this bill

2 companies
Companies by sector
Consumer & Retail 1Financials 1
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Summary

This bill prohibits any person from both owning or controlling a pharmacy and owning or controlling an insurance company or a pharmacy benefit manager. It requires divestment of the pharmacy within one year and establishes enforcement, civil actions, and review processes.

Summary of the bill text as introduced in Senate (May 13, 2026), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.