SF 3640 Summary

• Creates a five-member Pharmaceutical Industry Commission with members appointed by the governor and confirmed by the senate, serving six-year terms.

• Grants the commission legislative and quasi-judicial powers to investigate drug manufacturers and pharmaceutical companies, review prescription drug rates, and approve rates for state employee group insurance coverage.

• Prohibits commissioners and employees from receiving income from pharmaceutical companies or drug manufacturers during service and for one year after leaving, with violations subject to civil penalties up to $10,000.

• Authorizes the commission to subpoena records, inspect business documents, examine witnesses under oath, and conduct hearings on petitions related to regulated pharmaceutical businesses.

• Allows the commission to cooperate and conduct joint hearings with federal agencies to harmonize state and federal pharmaceutical regulations.