Oklahoma legislation · 2026 Regular Session
Oklahoma SB2007: Pharmacy Benefit Managers; requiring PBM to remit certain fees. Effective date.
Status: Vetoed, May 5, 2026
What the bill says
An Act relating to pharmacy benefits managers; amending 59 O.S. 2021, Section 360, as last amended by Section 8, Chapter 300, O.S.L. 2025 (59 O.S. Supp. 2025, Section 360), which relates to pharmacy benefits manager contractual duties to provider; requiring pharmacy benefits manager to remit certain fees in certain situations; updating statutory language; and providing an effective date. SUBJECT: Pharmacy benefits managers.
From the enrolled text, April 28, 2026:
An Act relating to pharmacy benefits managers; amending 59 O.S. 2021, Section 360, as last amended by Section 8, Chapter 300, O.S.L. 2025 (59 O.S. Supp. 2025, Section 360), which relates to pharmacy benefits manager contractual duties to provider; requiring pharmacy benefits manager to remit certain fees in certain situations; updating statutory language; and providing an effective date. SUBJECT: Pharmacy benefits managers SECTION 1. AMENDATORY 59 O.S. 2021, Section 360, as last amended by Section 8, Chapter 300, O.S.L. 2025 (59 O.S. Supp. 2025, Section 360), is amended to read as follows: Section 360. A. The pharmacy benefits manager (PBM) shall, with respect to contracts between a pharmacy benefits manager and a provider, including a pharmacy service administrative organization: l. Include in such contracts the specific sources utilized to determine the maximum allowable cost (MAC) pricing of the pharmacy, update MAC pricing at least every seven (7) calendar days, and establish a process for providers to readily access the MAC list specific to that provider; 2. In order to place a drug on the MAC list, ensure that the drug is listed as "A" or "B" rated in the most recent version of the United States Food and Drug Administration (FDA) Approved Drug Products with Therapeutic Equivalence Evaluations, also known as the Orange Book, and the drug is generally available …
Sponsors
- Tammy West (R, HD-084)
- Nick Archer (R, HD-055)
- David Bullard (R, SD-006)
- George Burns (R, SD-005)
- Jonathan Wingard (R, SD-013) · primary sponsor
Latest actions
- : Vetoed 05/01/2026
- : Sent to Governor
- : Signed, returned to Senate
- : Enrolled, to House
- : Referred for enrollment
- : Signed, returned to Senate
- : Third Reading, Measure passed: Ayes: 86 Nays: 3
- : Coauthored by Representative(s) Archer
- : General Order
- : Coauthored by Representative(s) West (Tammy)
Votes
- Third Reading (April 28, 2026): 86 yea, 3 nay, passed
- Floor Vote (April 13, 2026): 9 yea, 0 nay, passed
- Floor Vote (April 8, 2026): 6 yea, 0 nay, passed
- Third Reading (March 26, 2026): 38 yea, 1 nay, failed
- Third Reading (March 26, 2026): 38 yea, 1 nay, passed
- Senate Business & Insurance Committee (February 26, 2026): 9 yea, 0 nay, passed
Subjects: Insurance
Common questions
- What is SB2007?
- SB2007 is a bill in the Oklahoma Legislature (2026 Regular Session): Pharmacy Benefit Managers; requiring PBM to remit certain fees. Effective date.
- What does SB2007 do?
- In its own words: An Act relating to pharmacy benefits managers; amending 59 O.S. 2021, Section 360, as last amended by Section 8, Chapter 300, O.S.L. 2025 (59 O.S. Supp. 2025, Section 360), which relates to pharmacy benefits manager contractual duties to provider; requiring pharmacy benefits manager to remit certain fees in certain situations; updating statutory language; and providing an effective date. SUBJECT: Pharmacy benefits managers.
- What is the status of SB2007?
- Vetoed as of May 5, 2026. Latest action: Vetoed 05/01/2026 (May 5, 2026).
- Who sponsored SB2007?
- Jonathan Wingard (R, SD-013), with 4 co-sponsors.
- Where is the official record for SB2007?
- On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=SB2007&Session=2600
Source: official Oklahoma record. Tracked by Delilah, AI for legislation across all 50 states and Congress.