Assembly Bill 553
Fiduciary and disclosure requirements on pharmacy benefit managers
Stopped in committee
It never got a , so it never came up for a vote. To try again, a lawmaker would have to start a new bill.
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Introduced, passed
Sep 10, 2021
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Committee, stopped here
Stopped here. No public hearing was held.
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Assembly vote, not reached
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Senate vote, not reached
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Governor, not reached
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Law, not reached
Latest entry in the official record, Mar 15, 2022: “Failed to pass pursuant to ”
It never got a hearing in the Assembly Committee on Health. See every bill that never got a hearing this session.
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Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
What it would have done
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
This bill imposes fiduciary and disclosure requirements on pharmacy benefit managers. Pharmacy benefit managers contract with plans that provide prescription drug benefits to administer that benefit for the plans. They also have contracts with pharmacies and pay the pharmacies for providing the drugs to the plan beneficiaries.
The bill provides that a pharmacy benefit manager owes a fiduciary duty to a plan sponsor. The bill also requires that a pharmacy benefit manager annually disclose all of the following information to the plan sponsor:
Read the full summary Show less
1. The indirect profit received by the pharmacy benefit manager from owning a pharmacy or service provider.
2. Any payments made to a consultant or broker who works on behalf of the plan sponsor.
3. From the amounts received from drug manufacturers, the amounts retained by the pharmacy benefit manager that are related to the plan sponsor's claims or bona fide service fees.
4. The amounts received from network pharmacies and the amount retained by the pharmacy benefit manager.
Who's behind it
24 lawmakers are its . 23 are Democrats and 1 is a Republican.
9 more lawmakers .
See all 33 names Hide the names
Authors (24)
- Jimmy Anderson · Democrat, Assembly
- Samba Baldeh · Democrat, Assembly
- Rachael Cabral-Guevara · Republican, Senate
- Marisabel Cabrera · Democrat, Assembly
- Sue Conley · Democrat, Assembly
- Dave Considine · Democrat, Assembly
- Steve Doyle · Democrat, Assembly
- Jodi Emerson · Democrat, Assembly
- Dianne Hesselbein · Democrat, Senate
- Francesca Hong · Democrat, Assembly
- LaKeshia Myers · Democrat, Assembly
- Nick Milroy · Democrat, Assembly
- Greta Neubauer · Democrat, Assembly
- Sondy Pope · Democrat, Assembly
- Sara Rodriguez · Democrat, Assembly
- Katrina Shankland · Democrat, Assembly
- Kristina Shelton · Democrat, Assembly
- Christine Sinicki · Democrat, Assembly
- Lee Snodgrass · Democrat, Assembly
- Mark Spreitzer · Democrat, Senate
- Shelia Stubbs · Democrat, Assembly
- Lisa Subeck · Democrat, Assembly
- Robyn Vining · Democrat, Assembly
- Don Vruwink · Democrat, Assembly
Signed on in support (9)
- Melissa Agard · Democrat, Senate
- Janet Bewley · Democrat, Senate
- Tim Carpenter · Democrat, Senate
- Jon Erpenbach · Democrat, Senate
- LaTonya Johnson · Democrat, Senate
- Chris Larson · Democrat, Senate
- Brad Pfaff · Democrat, Senate
- Janis Ringhand · Democrat, Senate
- Kelda Roys · Democrat, Senate
What happened
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Mar 15, 2022
The session ended, and the bill died with it.
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Sep 10, 2021
Sent to the Assembly Committee on Health.
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Sep 10, 2021
Introduced in the Assembly.
See the official record, word for word Hide the official record
- Sep 10, 2021 · Assembly
Introduced by Representatives Subeck, Cabrera, Anderson, Baldeh, Cabral-Guevara, Conley, Considine, Doyle, Emerson, Hesselbein, Hong, Milroy, L. Myers, Neubauer, Pope, S. Rodriguez, Shankland, Shelton, Sinicki, Snodgrass, Spreitzer, Stubbs, Vining and Vruwink; cosponsored by Senators Erpenbach, Johnson, Agard, Bewley, Carpenter, Larson, Pfaff, Ringhand and Roys
- Sep 10, 2021 · Assembly
Read first time and referred to Committee on Health
- Mar 15, 2022 · Assembly
Failed to pass pursuant to Senate Joint Resolution 1
Terms on this page
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source
Committee
A small group of lawmakers that looks at a bill first. Most bills never leave committee.
Public hearing
A meeting where anyone can speak to a committee about a bill, or send written comments.
Senate Joint Resolution 1
The session's calendar. Any bill not passed by its last voting day dies.
Official term: Failed to pass pursuant to SJR 1
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor