Bill · S. 2053· Senate(119-S-2053)
A bill to ensure that Write Your Own companies can sell private flood insurance products that compete with National Flood Insurance Program products.
- Introduced
- 6/12/2025
- Last activity
- 6/12/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Rick Scott
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill aims to allow "Write Your Own" companies to sell private flood insurance products that compete with the National Flood Insurance Program. It amends the National Flood Insurance Act of 1968 to define the "Write Your Own Program" as a system where FEMA enters arrangements with private insurance companies to sell coverage and pay claims. The bill specifically prohibits the Administrator from using non-compete clauses as a condition for participating in the program. It prevents restricting companies, insurers, or brokers from offering and selling private flood insurance. This change ensures that participating entities are not barred from offering competing private products.
Yes· 3 of 5
Would business owners be better off under this?+2
The bill assists insurance companies and brokers by removing non-compete restrictions.
Is this likely to grow the economy?+2
By promoting competition in the flood insurance market, the bill may foster economic activity and choice.
Does this improve help for people hit by a disaster?+2
The bill facilitates more competitive options within the FEMA-managed flood insurance framework.
The opposite
Does this give the federal government more power?-1
The bill places restrictions on how the Federal Administrator can manage insurance company relationships.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Competition: The bill prohibits the Administrator from restricting companies, agents, or brokers from offering and selling private flood insurance (Section 1, paragraph 2). This could allow for products that compete with the National Flood Insurance Program.
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Greater Freedom for Insurance Providers: By prohibiting non-compete clauses as a condition for participating in the Write Your Own Program (Section 1, paragraph 2), the bill allows insurance companies and brokers to engage in other insurance activities without restriction from the Administrator.
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+2Good For Middle Class Households+1
- Economy And Finance
- Improves Economic Growth+2Improves Consumer Protection+1
- Environment Energy And Infrastructure
- Improves Disaster Relief And F E M A+2
- Governance And Ideology
- Increases Federal Power-1
- 6/12/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.