AN ACT relating to psychotropic drugs.

Create a new section of KRS Chapter 205 to define terms; require Medicaid-enrolled providers prescribing psychotropic drugs to children to provide an FDA Medication Guide to parents or legal guardians; require medical care providers prescribing psychotropic drugs to children covered by Medicaid to obtain signed informed consent from a parent of guardian; require the Cabinet for Health and Family Services to develop and maintain an adverse drug reaction online reporting system; require the cabinet to compile and submit an annual report of the adverse drug reaction online reporting system to the legislature; require the cabinet to submit an annual report summarizing the implementation efforts and compliance statistics of Medicaid-enrolled providers; establish penalties; require the cabinet to promulgate administrative regulations.