,,ii #aaith ,,congress #ast ,session ,s4 #cdah ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,december #aj1 #bjbe,mr4 ,cruz 7for himself and ,mr4 ,budd7 introduced the following bill2 which was read twice and referred to the ,committee on ,health1 ,education1 ,labor1 and ,pensions ,a ,,bill ,to ensure competition in health insurance markets4 #a4 ,short title ,this ,act may be cited as the ,competition and ,openness in ,markets to ,promote ,efficiency1 ,transparency1 and ,enhanced affordability ,act or the ,,compete ,act4 #b4 ,short-term limited duration insurance ,section #bgia7;b7 of the ,public ,health ,service ,act 7#db ,u4,s4,c4 #cjj;gg-#ia7;b77 is amended by adding at the end the following3 7#f7 ,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-- 7,a7 that has an expiration date specified in the contract that is not more than #ab months after the original effective date of the contract2 and 7,b7 which may include a renewal guarantee that permits a policyholder to elect to purchase1 for periods of time following expiration of the initial contract1 another policy or policies at some future date1 at a premium that would not reflect any additional underwriting4 4