119th (2025–2027)
S. 2053
S. 2053 would allow private insurance companies participating in the National Flood Insurance Program's "Write Your Own" initiative to sell their own competing flood insurance products without restriction. Currently, the federal government can require these companies to avoid offering private flood coverage as a condition of their participation in the government program. This bill prohibits such non-compete requirements, opening the door for private insurers to develop and market alternative flood insurance options alongside the federal program. The legislation affects Write Your Own companies, insurance agents and brokers, and adjusters involved in the National Flood Insurance Program, as well as consumers seeking flood coverage. The bill contains no specific funding allocations or implementation timelines beyond prohibiting the government from enforcing non-compete clauses in future agreements with participating insurers.