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Minutes for SB360 - Committee on Financial Institutions and Insurance
Short Title
Enacting the Kansas consumer prescription protection and accountability act and providing for regulation and registration of pharmacy benefits managers.
Minutes Content for Wed, Feb 4, 2026
Chairperson Dietrich brought SB360 forward for review and action. A summary of very recent federal legislation signed into law by President Trump regarding PBMs was distributed from her to the Committee members. She noted that the bill aligns with federal law, but the state bill proposes a faster implementation timeline.
An amendment was offered by the Kansas Department of Insurance to clarifying language on rebate handling. Revisor Eileen Ma explained the amendment. (Attachment 20) Steve Karrer, General Counsel for the Department of Insurance answered questions about the proposed amendment.
Senator Argabright moved for the amendment to be adopted. Senator Fagg seconded. Motion carried.
Meeting adjourned at 10:28 a.m. Next meeting scheduled for February 5, 2026 at 9:30 a.m.
