What does Preamble of COMPETE Act do?

This bill is formally titled 'To ensure competition in health insurance markets'.

What does SHORT TITLE. of COMPETE Act do?

This bill is formally titled the ``Competition and Openness in Markets to Promote Efficiency, Transparency, and Enhanced affordability Act''.

What does SHORT-TERM LIMITED DURATION INSURANCE. of COMPETE Act do?

This section amends Section 2791(b) of the Public Health Service Act. It defines 'short-term limited duration insurance' as a health insurance plan with an expiration date not exceeding 12 months from the original effective date. The plan may include a renewal guarantee allowing policyholders to purchase subsequent policies at a future date with premiums not reflecting additional underwriting.

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COMPETE Act

Last updated: 3/25/2026 · Introduced: 3/25/2026

Author: Glenn Grothman (R-WI)

TL;DR (AI)

The bill defines 'short-term limited duration insurance' as health plans lasting no more than 12 months, potentially with renewal options.
The bill allows for renewal guarantees for short-term limited duration insurance policies, enabling policyholders to purchase subsequent policies.
The bill amends the Public Health Service Act to establish these regulations regarding short-term limited duration insurance.

119th Congressin committeeS. 3418(In Committee)Official page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

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