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H.R. 4846 118th Congress House

Better Deals and Lower Prices Act

Official title: To amend the Internal Revenue Code of 1986, title XXVII of the Public Health Service Act, and the Employee Retirement Income Security Act of 1974 to provide fo… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986, title XXVII of the Public Health Service Act, and the Employee Retirement Income Security Act of 1974 to provide for oversight of pharmacy benefit manager services.

Introduced: July 25, 2023 Introduced by: Jodey C. Arrington Republican · Texas See on congress.gov
Taxation Business recordsCivil actions and liabilityEmployee benefits and pensionsGovernment information and archives
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Government studies and investigationsHealth care costs and insuranceHealth information and medical recordsPrescription drugsRight of privacy
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 17, 2024
Referred to the Subcommittee on Health.
Jul 28, 2023
Referred to the Subcommittee on Health.
Jul 25, 2023
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jul 25, 2023
Introduced in House
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 Latest action December 17, 2024

Referred to the Subcommittee on Health.

 Plain-English summary Congressional Research Service

Better Deals and Lower Prices Act

This bill establishes reporting requirements for pharmacy benefit managers (PBMs) with respect to services provided to health insurance plans.

First, PBMs must report annually to the plan sponsor certain information about the PBM's services, including the amount of prescription drug copayment assistance funded by drug manufacturers, a list of covered drugs billed under the plan during the reporting period, and the total gross and net spending by the health plan on prescription drugs during the reporting period. PBMs also must submit specified elements of the report (e.g., the total gross spending on prescription drugs) to the Government Accountability Office (GAO). The report must comply with the privacy requirements under the Health Insurance Portability and Accountability Act of 1996.

The bill establishes civil penalties for violations of these requirements and provides for enforcement by the appropriate agencies.

GAO must report on the pharmacy networks of plans or PBMs, including whether such networks under common ownership with the plans or PBMs are designed to encourage plan enrollees to use network pharmacies over other pharmacies.

 Related & companion bills 2
  • HR 2679 Pharmacy Benefits Manager Accountability Act
  • HR 4822 Health Care Price Transparency Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 5
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APA
U.S. Congress. (2026). H.R. 4846: Better Deals and Lower Prices Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-4846/
MLA
"H.R. 4846: Better Deals and Lower Prices Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-4846/.
Bluebook (legal)
H.R. 4846, 118th Cong. (2026), https://openamerica.io/bill/118-HR-4846/.
Markdown link
[H.R. 4846: Better Deals and Lower Prices Act](https://openamerica.io/bill/118-HR-4846/)
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