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US SB3822
Bill
AI Summary
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Prohibits any person from simultaneously owning or controlling both a health insurance company or pharmacy benefit manager (PBM) and a medical provider or management services organization, requiring divestiture within 1 year of enactment
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Prohibits any person from simultaneously owning a prescription drug or medical device wholesaler and a medical provider or management services organization, also requiring divestiture within 1 year
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Imposes penalties of 10% of monthly profits held in escrow for entities that fail to meet divestiture milestones, with funds forfeited to an FTC-administered fund if deadlines are missed; appoints a divestiture trustee with authority to sell assets if compliance is not achieved
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Establishes enforcement authority for the FTC, DOJ Antitrust Division, HHS Inspector General, and State attorneys general, plus creates a private right of action with treble damages and attorney's fees for individuals harmed by violations
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Requires FTC and DOJ to review all divestitures for effects on competition and public interest, and grants authority to block future transactions that would recreate the prohibited conflicts of interest
Legislative Description
Break Up Big Medicine Act
Last Action
Read twice and referred to the Committee on the Judiciary.
2/10/2026