H.R. 5608

119 HR 5608 IH: To ensure that Write Your Own companies can sell private flood insurance products that compete with National Flood Insurance Program products.
 U.S. House of Representatives
 2025-09-26
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 EN
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 I  119th CONGRESS  1st Session  H. R. 5608  IN THE HOUSE OF REPRESENTATIVES   September 26, 2025   Mr. Steube  (for himself,  Mr. Patronis , and  Mr. Ezell ) introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To ensure that Write Your Own companies can sell private flood insurance products that compete with National Flood Insurance Program products.
1.
Prohibition on non-compete requirement for Write Your Own companies under the National Flood Insurance Program
Section 1345 of the National Flood Insurance Act of 1968 ( 42 U.S.C. 4081 ) is amended by adding at the end the following:
(f)
Authority To provide other flood coverage
(1)
Write Your Own Program defined
In this subsection, the term  Write Your Own Program  means the program under which the Federal Emergency Management Agency enters into a standard arrangement with private property insurance companies to—
(A)
sell contracts for flood insurance coverage under this title under their own business lines of insurance; and
(B)
adjust and pay claims arising under the contracts described in subparagraph (A).
(2)
Prohibition on non-compete clause
The Administrator may not, as a condition of participating in the Write Your Own Program or in otherwise participating in the utilization by the Administrator of the facilities and services of insurance companies, insurers, insurance agents and brokers, and insurance adjustment organizations pursuant to the authority in this section, nor as a condition of eligibility to engage in any other activities under the National Flood Insurance Program under this title, restrict any such company, insurer, agent, broker, or organization from offering and selling private flood insurance (as that term is defined in section 102(b) of the Flood Disaster Protection Act of 1973 ( 42 U.S.C. 4012a(b) )).
(3)
Financial assistance/subsidy arrangement
After the date of enactment of this subsection, the Administrator may not include in any agreement entered into with any insurer for participation in the Write Your Own Program any provision establishing a condition prohibited under paragraph (2).
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