; or (B) the entity or pharmacy is described in any of subparagraphs (A) through (O) of section 340B(a)(4). (6) With respect to a group health plan or health insurance issuer for health insurance coverage, denying coverage of a drug on the basis that such drug is a 340B drug. (c) Enforcement mechanism for pharmacy benefit managers The Secretary shall impose a civil monetary penalty on any pharmacy benefit manager that violates the requirements of this section. Such penalty shall not exceed $5,000 per violation per day. The Secretary shall issue proposed regulations to implement this subsection not later than 60 days after the date of the enactment of this subsection and shall finalize such regulations not later than 180 days after such date of enactment. (d) Definitions For purposes of this section: (1) Covered entity The term covered entity has the meaning given such term in section 340B(a)(4). (2) Specified pharmacy The term specified pharmacy means a pharmacy with which a covered entity has contracted to dispense 340B drugs on behalf of the covered entity whether distributed in person or via mail. (3) 340B drug The term 340B drug means a drug that is— (A) a covered outpatient drug (as defined for purposes of section 340B)