1. Short title This Act may be cited as the American Healthshare Plans Act of 2020 . 2. Healthshare pools deemed an employer for purposes of offering group health plans or group health insurance coverage (a) Definition of employer Section 3(5) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1002(5) ) is amended by adding at the end the following: Such term shall be deemed to include, for purposes of offering a group health plan (as defined in section 733(a)(1)) or group health insurance coverage (as defined in section 733(b)(4)) (which, notwithstanding any other provision of law, may include such a plan or coverage covering prescription or nonprescription drugs as the only benefit offered by the plan or coverage in accordance with section 735(b)(5)(B)), any entity that meets the requirements under section 735(b). . (b) Group health plans and group health insurance coverage Part 7 of subtitle B of title I of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1181 et seq.) is amended by adding at the end the following: 735. Healthshare pools deemed an employer for purposes of offering group health plans or group health insurance coverage (a) In general An entity (referred to in this section as a healthshare pool ) that meets the requirements under subsection (b) shall be deemed an employer under section 3(5) for purposes of offering a group health plan or group health insurance coverage (which, notwithstanding any other provision of law, may include such a plan or coverage covering prescription or nonprescription drugs as the only benefit offered by the plan or coverage in accordance with subsection (b)(5)(B)). (b) Requirements for healthshare pools The requirements under this subsection are each of the following: (1) Organization The healthshare pool shall— (A) be formed and maintained in good faith for a purpose that includes the formation of a risk pool in order to offer group health insurance coverage or a group health plan to its members