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Virginia bills · 2026 Regular Session

Virginia SB 271

Prescription Drug Affordability Board; established.

  1. Introduced
  2. In committee
  3. Passed Senate
  4. Passed House
  5. To Governor
  6. Became law

Sponsors

Cosponsors (1)

Summary

Official abstract published by the Virginia legislature· SUMMARY AS PASSED

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.

Text versions

Roll-call votes

State vote data last updated Oct 15, 2026, 8:04 PM.

DateVoteResultYour legislators
Mar 11, 2026
Senate		Concur House Substitute RpassSet your home in Virginia to see
Mar 10, 2026
House		H VOTE:passSet your home in Virginia to see
Mar 4, 2026
House		Reported from AppropriationspassSet your home in Virginia to see
Feb 6, 2026
Senate		Passage RpassSet your home in Virginia to see
Feb 4, 2026
Senate		Constitutional reading dispensed RpassSet your home in Virginia to see
Feb 3, 2026
Senate		Reported from Finance and AppropriationspassSet your home in Virginia to see
Jan 26, 2026
Senate		Reported from Commerce and Labor with amendmentspassSet your home in Virginia to see
Jan 22, 2026
Senate		Rereferred from Education and HealthpassSet your home in Virginia to see

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