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US HB5608
Bill
Status
9/26/2025
Primary Sponsor
Greg Steube
Click for details
AI Summary
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Prohibits FEMA from imposing non-compete requirements on Write Your Own (WYO) companies that participate in the National Flood Insurance Program (NFIP)
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Allows insurance companies, agents, brokers, and adjustment organizations participating in NFIP to simultaneously offer and sell private flood insurance products
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Defines the Write Your Own Program as the arrangement where private insurers sell NFIP flood insurance under their own business lines and handle claims adjustments
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Bars the FEMA Administrator from including non-compete provisions in any future WYO Program agreements with insurers
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Amends Section 1345 of the National Flood Insurance Act of 1968 (42 U.S.C. 4081)
Legislative Description
To ensure that Write Your Own companies can sell private flood insurance products that compete with National Flood Insurance Program products.
Finance and financial sector
Last Action
Referred to the House Committee on Financial Services.
9/26/2025