COMPETE Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 3418 Introduced in Senate (IS)]

<DOC>






119th CONGRESS
  1st Session
                                S. 3418

           To ensure competition in health insurance markets.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           December 10, 2025

  Mr. Cruz (for himself and Mr. Budd) introduced the following bill; 
     which was read twice and referred to the Committee on Health, 
                     Education, Labor, and Pensions

_______________________________________________________________________

                                 A BILL


 
           To ensure competition in health insurance markets.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Competition and Openness in Markets 
to Promote Efficiency, Transparency, and Enhanced affordability Act'' 
or the ``COMPETE Act''.

SEC. 2. SHORT-TERM LIMITED DURATION INSURANCE.

    Section 2791(b) of the Public Health Service Act (42 U.S.C. 300gg-
91(b)) is amended by adding at the end the following:
            ``(6) Short-term limited duration insurance.--The term 
        `short-term limited duration insurance' means a plan providing 
        health insurance coverage pursuant to a contract with a health 
        insurance issuer--
                    ``(A) that has an expiration date specified in the 
                contract that is not more than 12 months after the 
                original effective date of the contract; and
                    ``(B) which may include a renewal guarantee that 
                permits a policyholder to elect to purchase, for 
                periods of time following expiration of the initial 
                contract, another policy or policies at some future 
                date, at a premium that would not reflect any 
                additional underwriting.''.
                                 <all>