Introduced
S. 3549
Introduced in Senate · January 21, 2026December 17, 2025
Mr. Marshall (for himself, Mr. Kaine, Mr. Grassley, and Ms. Hassan) introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions
A BILL
To amend the Employee Retirement Income Security Act of 1974 to ensure that pharmacy benefit managers are considered fiduciaries, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “PBM Fiduciary Accountability, Integrity, and Reform (FAIR) Act” or the “PBM FAIR Act”.