*See enacted companion bill SF 278. Pharmacy benefit managers licensure and regulations created, and rulemaking authorized. This bill requires PBMs to be licensed by the Board of Pharmacy under a new chapter of law, chapter 62W, in order to operate in Minnesota. The bill establishes requirements for PBMs related to fiduciary and other duties, network adequacy, transparency, and ownership interests. The bill also incorporates existing state laws related to PBM contracts with pharmacies into the new chapter of law, and includes provisions related to enrollee costs and disclosure, and synchronization of refills, that were part of last session’s vetoed health and human services finance bill.