,,ii  #aai? ,,congress  #a/ ,session    
,s4 #ccdi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,decemb] #d1 #bjbe,mr4 
,m>%all 7= himself & ,ms4 ,blunt        
,ro*e/]7 introduc$ ! foll[+ bill2 :i* 0 
read twice & ref]r$ to ! ,committee on  
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to cl>ify ! requirem5t to   
disclose direct & indirect comp5sation f
 entities provid+ ph>macy b5efit        
managem5t s]vices or ?ird p>ty          
adm9i/ration s]vices4  #a4 ,%ort title  
,?is ,act may be cit$ z ! ,,pbm         
,disclosure ,act4  #b4 ,cl>ification (  
requirem5t to disclose direct & indirect
 comp5sation = brok]s & consultants to  
employ]-sponsor$ heal? plans  7a7 ,9    
g5]al ,section                          
#djh7;b77#b77;,b77ii77,i77bb7 ( !       
,employee ,retirem5t ,income ,security  
,act ( #aigd 7#bi ,u4,s4,c4             
#aajh7;b77#b77;,b77ii77,i77bb77 is am5d$
 by add+ at ! end ! foll[+3 7,,cc7      
,ph>macy b5efit managem5t s]vices       
provid$ by ph>macy b5efit manag]s or o!r

 s]vice provid]s & relat$ s]vices       
provid$ by ?ird p>ty adm9i/rators 7or   
o!r entities provid+ su* s]vices7 = :i* 
! cov]$ s]vice provid]1 an affiliate1 or
 a subcontractor reasonably expects to  
receive indirect comp5sation or direct  
comp5sation describ$ 9 item 7dd74 4  7b7
 ,regulations ,n lat] ?an #ahj days aft]
 ! date ( enactm5t ( ?is ,act1 !        
,secret>y ( ,labor %all promulgate      
regulations1 ?r\gh notice & comm5t      
rulemak+1 cl>ify+ ! requirem5ts (       
section #djh7;b77#b77;,b7 ( ! ,employee 
,retirem5t ,income ,security ,act (     
#aigd 7#bi ,u4,s4,c4 #aajh7;b77#b77;,b77
 ) respect to cov]$ s]vice provid]s     
provid+ s]vices describ$ 9 subitem      
7,,cc7 ( subclause 7,i77bb7 ( su*       
section1 z am5d$ by subsection 7a74 ,su*
 regulations %all apply ) respect to any
 plan ye> t beg9s on or aft] ! date t is
 #f mon?s aft] su* regulations are      
promulgat$4  7c7 ,s5se ( ,congress ,x is
 ! s5se ( ,congress t ! am5dm5t made by 
subsection 7a7 cl>ifies ! exi/+         

requirem5t ( cov]$ s]vice provid]s )    
respect to s]vices describ$ 9 section   
#djh7;b77#b77;,b77ii77,i77bb77,,bb7 ( ! 
,employee ,retirem5t ,income ,security  
,act ( #aigd 7#bi ,u4,s4,c4             
#aajh7;b77#b77;,b77ii77,i77bb77,,bb77 t 
7 9 effect s9ce ! application date      
describ$ 9 section #bjb7;e7 ( ! ,no     
,surprises ,act 7,public ,law #aaf-bfj2 
#bi ,u4,s4,c4 #aajh note71 & does n     
impose any additional requirem5t "u     
section #djh7;b77#b77;,b7 ( ! ,employee 
,retirem5t ,income ,security ,act (     
#aigd 7#bi ,u4,s4,c4                    
#aajh7;b77#b77;,b774