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Attorney General Jay Jones Joins Bipartisan Coalition in Support of Federal Rule to Increase Transparency in Prescription Drug Pricing and Lower Costs

Summary

Virginia Attorney General Jay Jones joined a bipartisan coalition of 44 state attorneys general in submitting a comment letter supporting a proposed U.S. Department of Labor rule to increase transparency requirements for pharmacy benefit managers (PBMs) servicing employer-funded ERISA health plans. The coalition urged the DOL to clarify that the proposed rule does not preempt existing state PBM transparency laws and to coordinate enforcement with state attorneys general. This action is a policy advocacy comment letter and does not constitute an enforcement action against any specific entity.

Contract Impact

As this press release announces a policy advocacy comment letter supporting a proposed federal rule rather than an enforcement action, there are no specific contract clauses to review based on a privacy or consumer protection violation. However, entities contracting with pharmacy benefit managers (PBMs) should review their agreements for clauses related to transparency, audit rights, gag clauses, and ERISA preemption to align with potential upcoming federal requirements from the DOL rule. Health plan sponsors and employers with ERISA-covered plans should also review vendor agreements with PBMs for compliance with existing state transparency laws and audit rights.

Contract Search Terms

pharmacy benefit managerPBM audit rightgag clausedrug pricing transparencyERISA preemptionrebate disclosurePBM revenue disclosureprescription drug claim processing

Laws Cited

Employee Retirement Income Security Act of 1974 (ERISA)

Violation Types

Entity Details

Entity

Industry

Healthcare

Multistate Coalition

Official Sources

Source Evidence

Title
"Attorney General Jay Jones Joins Bipartisan Coalition in Support of Federal Rule to Increase Transparency in Prescription Drug Pricing and Lower Costs"
Event Date
"Published on: April 16, 2026"
Jurisdiction
"Commonwealth of Virginia Office of the Attorney General Jay Jones Attorney General"
Event Type
"joined a bipartisan coalition of 44 attorneys general in submitting a comment letter"
Laws Cited
"Employee Retirement Income Security Act of 1974 (ERISA)"
Is Multistate
"bipartisan coalition of 44 attorneys general"

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