WASHINGTON - U.S. Representative Greg Steube (R-Fla.) joined with Senator Rick Scott on Friday to introduce both the Flood Insurance Transparency Act of 2025 and the Removing Barriers to Private Flood Insurance Act. These two bills would increase transparency with the National Flood Insurance Program (NFIP) and facilitate the entrance of private and state insurers into the flood insurance market.

"Florida homeowners depend on flood insurance for long-term financial security from hurricanes and other natural disasters. It is unacceptable that the bloated and inefficient bureaucracy of the National Flood Insurance Program (NFIP) has saddled working families in the Sunshine State with higher costs and soaring rates for coverage," said Rep. Steube. "I am grateful to work with Senator Scott to deliver much-needed reforms that will bring down costs for flood insurance by restoring transparency and flexibility for Floridians."

"Flood insurance costs remain a top concern for families in Florida and across the country who want access to affordable and dependable coverage when it matters most. Unfortunately, the National Flood Insurance Program (NFIP) has long been plagued by inefficiency, crushing debt, and rate hikes that unfairly affect Floridians," said Senator Scott. "It's yet another example of how government overreach can lead to a broken system. I'm glad to have my colleague, Congressman Steube, as a partner to bring real reform to the NFIP by promoting greater transparency and expanding private-sector involvement. This will help create a stronger, more competitive market that gives homeowners in Florida more affordable options and greater flexibility. Together, we can get these much-needed changes passed and ensure government works better for American families."

Both the Flood Insurance Transparency Act of 2025 and the Removing Barriers to Private Flood Insurance Act are co-led by Representative Jimmy Patronis (R-Fla.).

"The National Flood Insurance Program has become burdened by bureaucracy and debt, and Florida families are paying the price through higher premiums and fewer choices," said Rep. Patronis. "I'm proud to join Congressman Steube and Senator Scott in leading the effort to fix this broken system by pulling back the curtain on how rates are set and by giving the private market room to compete, unleashing free-market solutions that encourage innovation, increase options, and provide reliable coverage for homeowners. These reforms are about fairness, accountability, and making sure families finally have access to the protection they deserve."

Background: The Flood Insurance Transparency Act would require the NFIP to publicly disclose all 'data, models, assessments, and analytical tools' used in establishing premiums or flood elevations in underwriting. This data and information would include the "loss ratio" of a property, historical policy information, and "multiple-loss properties" that have not undergone mitigation measures. The Administrator of FEMA would be required to create a publicly searchable database of this information with safeguards for the privacy of property owners.

The Removing Barriers to Private Flood Insurance Act increases private sector involvement in flood insurance by eliminating the NFIP's Write Your Own (WYO) non-compete clause. This would allow WYOs to sell private flood insurance products that overlap with NFIP products.

Read the full bill text of the Flood Insurance Transparency Act here.

Read the full bill text of the Removing Barriers to Private Flood Insurance Act here.