COMPETE Act

[AI summary unavailable — showing source text] [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 p…