1. Short title This Act may be cited as the Hidden Fee Disclosure Act of 2023 . 2. Clarification of the application of fee disclosure requirements to covered service providers (a) Services Clause (ii)(I)(bb) of section 408(b)(2)(B) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1108(b)(2)(B) ) is amended— (1) in subitem (AA) by striking Brokerage services, and inserting Services (including brokerage services), ; and (2) in subitem (BB)— (A) by striking Consulting, and inserting Other services, ; and (B) by inserting any of the following: before plan design . (b) Disclosures Clause (iii)(III) of section 408(b)(2)(B) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1108(b)(2)(B) ) is amended by striking , either in the aggregate or by service, and inserting by service . 3. Strengthening disclosure requirements with respect to pharmacy benefit managers and third party administrators for group health plans (a) Certain arrangements for PBM services considered as indirect (1) In general Clause (i) of section 408(b)(2)(B) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1108(b)(2)(B) ) is amended— (A) by striking requirements of this clause and inserting requirements of this subparagraph