SB 271 VA

0likes☆Favorite🔕SubscribeShare

To Executive

Prescription Drug Affordability Advisory Panel established; maximum fair price; annual reports; civil penalties. Directs the Secretary of Health and Human Resources to establish the Prescription Drug Affordability Advisory Panel to conduct data analyses, develop policy recommendations, and identify implementation barriers related to strategies to improve prescription drug affordability, enhance price transparency, and strengthen data collection practices for prescription drugs across public and private payers. The bill requires the Panel to (i) report annually on prescription drug pricing trends and any policy recommendations on legislation to improve prescription drug affordability and (ii) provide quarterly updates on prescription drug pricing trends. The bill requires each pharmacy benefits manager to provide to the Panel, upon request, certain information relating to the dispensation of a referenced drug, as defined in the bill.The bill prohibits prescription drug manufacturers or wholesale distributors permitted or licensed in the Commonwealth from accepting payment at an amount higher than the maximum fair price established by the U.S. Secretary of Health and Human Services pursuant to federal law for the sale of a referenced drug intended for use by individuals in the Commonwealth. Under the bill, an entity that violates such prohibition is subject to a civil penalty of $10,000 per violation. The bill also prohibits a manufacturer subject to its provisions from removing a referenced drug from sale distribution in the Commonwealth for the purpose of avoiding the impact of the bill's rate limitations without providing certain prior notice. Under the bill, a manufacturer that violates such prohibition on removing a referenced drug without the required notice is subject to a civil penalty equal to the greater of $100,000 or the total amount of annual savings for the referenced drug, as determined by the Board of Pharmacy. This bill is identical to HB 483.

• R. Creigh Deeds Democratic · primary

1. Jan 12, 2026 Prefiled and ordered printed; Offered 01-14-2026 26105318D · upper
2. Jan 12, 2026 Referred to Committee on Education and Health · upper
3. Jan 22, 2026 Rereferred from Education and Health to Commerce and Labor (14-Y 0-N) · upper
4. Jan 26, 2026 Senate committee offered · upper
5. Jan 26, 2026 Reported from Commerce and Labor with amendments and rereferred to Finance and Appropriations (10-Y 4-N 1-A) · upper
6. Jan 27, 2026 Fiscal Impact Statement from Department of Planning and Budget (SB271) · upper
7. Feb 3, 2026 Reported from Finance and Appropriations (9-Y 5-N 1-A) · upper
8. Feb 4, 2026 Rules suspended · upper
9. Feb 4, 2026 Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A) · upper
10. Feb 4, 2026 Passed by for the day Block Vote (Voice Vote) · upper
11. Feb 5, 2026 Read second time · upper
12. Feb 5, 2026 Commerce and Labor Amendments agreed to · upper
13. Feb 5, 2026 Engrossed by Senate as amended (Voice Vote) · upper
14. Feb 6, 2026 Read third time and passed Senate (31-Y 8-N 0-A) · upper
15. Feb 10, 2026 Fiscal Impact Statement from Department of Planning and Budget (SB271) · upper
16. Feb 11, 2026 Assigned HAPP sub: Health & Human Resources · lower
17. Feb 12, 2026 Placed on Calendar · lower
18. Feb 12, 2026 Read first time · lower
19. Feb 12, 2026 Referred to Committee on Appropriations · lower
20. Mar 4, 2026 Reported from Appropriations (17-Y 5-N) · lower
21. Mar 6, 2026 Read second time · lower
22. Mar 9, 2026 Floor substitute printed 26109393D-H1 (Delaney) · lower
23. Mar 9, 2026 Floor offered Delegate Delaney Substitute · lower
24. Mar 9, 2026 Floor offered Delegate Delaney Amendments · lower
25. Mar 9, 2026 Read third time · lower
26. Mar 9, 2026 Passed by temporarily · lower
27. Mar 9, 2026 Passed by for the day · lower
28. Mar 10, 2026 Floor substitute printed 26109555D-H2 (Delaney) · lower
29. Mar 10, 2026 Floor offered Delegate Delaney Substitute · lower
30. Mar 10, 2026 Read third time · lower
31. Mar 10, 2026 Delegate Delaney Substitute withdrawn by House · lower
32. Mar 10, 2026 Delegate Delaney Floor amendments withdrawn · lower
33. Mar 10, 2026 Delegate Delaney Floor substitute agreed to · lower
34. Mar 10, 2026 Engrossed by House - floor substitute · lower
35. Mar 10, 2026 Passed House with substitute (95-Y 4-N 0-A) · lower
36. Mar 11, 2026 House substitute agreed to by Senate · upper
37. Mar 23, 2026 Fiscal Impact Statement from Department of Planning and Budget (SB271) · upper
38. Mar 30, 2026 Enrolled · upper
39. Mar 30, 2026 Bill text as passed Senate and House (SB271ER) · upper
40. Mar 30, 2026 Signed by President · upper
41. Mar 31, 2026 Fiscal Impact Statement from Department of Planning and Budget (SB271) · upper
42. Mar 31, 2026 Signed by Speaker · lower
43. Mar 31, 2026 Enrolled Bill communicated to Governor on March 31, 2026 · upper
44. Mar 31, 2026 Governor's Action Deadline 11:59 p.m., April 13, 2026 · executive
45. Apr 13, 2026 Governor's recommendation received by Senate · executive

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Governor Substitute · PDF
• Governor Substitute · HTML
• Governor's Recommendation · HTML
• Enrolled · PDF
• Enrolled · HTML
• Delegate Delaney Substitute · PDF
• Delegate Delaney Substitute · HTML
• Delegate Delaney Substitute · PDF
• Delegate Delaney Substitute · HTML
• Delegate Delaney Amendments · HTML
• Engrossed · PDF
• Engrossed · HTML
• Commerce and Labor Amendment · HTML
• Commerce and Labor Amendment · HTML
• Introduced · PDF
• Introduced · HTML