Loading chat...

NY A10467

Bill

Status

Introduced

3/6/2026

Primary Sponsor

Alicia Hyndman

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Authorizes the New York Superintendent of Insurance to investigate critical prescription drug price increases that exceed the cost of living index over any 12-month period

  • Defines "critical prescription drug" as medication necessary to prevent or treat conditions where death is possible or imminent

  • Grants the superintendent subpoena power to compel witness testimony, attendance, and production of relevant books and papers during investigations

  • Establishes civil penalties for unjustified price increases: up to $5,000 per offense, or two times the aggregate damages or economic gain, whichever is greater

  • Imposes penalties of up to $1,000 per day for failure to submit required written statements or comply with subpoenas, with refusal to cooperate classified as a misdemeanor

Legislative Description

Requires investigating of critical prescription drug pricing; provides for civil penalties and private actions for certain critical prescription drug pricing.

Last Action

referred to insurance

3/6/2026

Committee Referrals

Insurance3/6/2026

Full Bill Text

No bill text available