Bill
Bill > HR7388
summary
Introduced
12/21/2018
12/21/2018
In Committee
12/21/2018
12/21/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
National Flood Insurance Program Competition and Extension Act of 2018 This bill amends the National Flood Insurance Act of 1968 to reauthorize the National Flood Insurance Program through May 31, 2019. The bill shall take effect as if it had been enacted on December 21, 2018. The Federal Emergency Management Agency (FEMA) must allow a Write Your Own company to sell private flood insurance. (A Write Your Own company writes and services federal standard flood insurance policies in its own name.)
AI Summary
This bill amends the National Flood Insurance Act of 1968 to reauthorize the National Flood Insurance Program (NFIP) through May 31, 2019. The bill also eliminates the non-compete requirement, which had prohibited Write Your Own (WYO) companies (private insurers that write and service federal standard flood insurance policies) from offering and selling private flood insurance. This change allows WYO companies to provide private flood insurance options alongside the NFIP policies.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
On motion to suspend the rules and pass the bill Failed by the Yeas and Nays: (2/3 required): 148 - 226 (Roll no. 497). (text: CR H10560-10566) (on 12/21/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/7388/all-info |
| BillText | https://www.congress.gov/115/bills/hr7388/BILLS-115hr7388ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr7388/BILLS-115hr7388ih.pdf.pdf |
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