SB773

Pharmacy benefit managers; modifying definitions; prohibiting certain circumstances; requiring nonpayment under providing venue for certain court proceeding; allowing Attorney General to obtain certain information. Effective date.

Vetoed·5/12/25

Oklahoma SB773 modifies definitions and regulations for pharmacy benefit managers (PBMs), prohibiting certain practices and requiring reporting and.

Oklahoma SB773 amends definitions and regulations for pharmacy benefit managers (PBMs), prohibiting deceptive practices and certain fees. It requires PBMs to report specific data to the Attorney General quarterly and mandates cooperation with investigations. The bill also allows the Attorney General to subpoena records and witnesses, and to levy fines for noncompliance. Effective November 1, 2025.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Sponsors

0
3
RRR
Democratic CaucusRepublican Caucus

Roll Call Votes

47 Yea

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0 Nay

1 Absent

R

History

May 29, 2025

Senate

Veto overridden: Ayes: 47 Nays: 0

May 29, 2025

Senate

Measure sent to House

May 29, 2025

House

Veto override message received