Pharmacy, Pharmacists - As enacted, enacts the "Freedom, Access, and Integrity in Registered Pharmacy (FAIR Rx) Act." - Amends TCA Title 63.

HB 1959, the "FAIR Rx Act," prohibits pharmacy benefits managers (PBMs) from owning, controlling, or having any financial interest in pharmacies after January 1, 2027. It directly affects PBMs and pharmacies by banning arrangements like management contracts, revenue-sharing, or exclusive agreements that transfer operational control to PBMs. The bill requires pharmacies to disclose owners with 5%+ stakes and restricts limited-use pharmacy licenses from being sold to PBMs. These provisions aim to prevent conflicts of interest that could limit patient choice, increase costs, or undermine pharmacist independence in medication care.