Bill
Bill > S3418
US S3418
US S3418COMPETE Act Competition and Openness in Markets to Promote Efficiency, Transparency, and Enhanced affordability Act
summary
Introduced
12/10/2025
12/10/2025
In Committee
12/10/2025
12/10/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A bill to ensure competition in health insurance markets.
AI Summary
This bill, known as the Competition and Openness in Markets to Promote Efficiency, Transparency, and Enhanced affordability Act, or the COMPETE Act, proposes to amend the Public Health Service Act to redefine "short-term limited duration insurance." This type of insurance is typically a temporary plan that does not meet the requirements of comprehensive health insurance. The bill specifies that such insurance must have an expiration date no more than [number] months after its original start date, and while it may allow for renewals, these renewals cannot be based on additional medical underwriting, meaning the premium for a renewed policy would not increase due to changes in the policyholder's health.
Committee Categories
Health and Social Services
Sponsors (2)
Last Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (on 12/10/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/senate-bill/3418/all-info |
| BillText | https://www.congress.gov/119/bills/s3418/BILLS-119s3418is.pdf |
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