Legis Daily

A bill to authorize the Administrator of the Federal Emergency Management Agency to terminate certain contracts on the basis of detrimental conduct to the National Flood Insurance Program, and for other purposes.

USA115th CongressS-1058| Senate 
| Updated: 5/4/2017
John Kennedy

John Kennedy

Republican Senator

Louisiana

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
National Flood Insurance Program Consultant Accountability Act of 2017 This bill amends the National Flood Insurance Act of 1968 to allow the Federal Emergency Management Agency (FEMA) to terminate certain contracts under the National Flood Insurance Program on the basis of detrimental conduct to the program by a "covered entity" (an attorney, law firm, consultant, or third-party company that provides certain services under the contract). Specifically, on such basis, FEMA may terminate a contract between a covered entity and a "Write Your Own" company (a property and casualty company that writes and services standard flood insurance policies in its own name). FEMA shall establish a process for a covered entity to appeal such a termination. Neither FEMA nor a Write Your Own company is required to make an early-termination payout to a covered entity with respect to a contract terminated under the bill.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 4, 2017
Introduced in Senate
May 4, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • May 4, 2017
    Introduced in Senate


  • May 4, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Related Bills

  • S 115-1368: A bill to reauthorize the National Flood Insurance Program, and for other purposes.
Administrative remediesContracts and agencyDepartment of Homeland SecurityDisaster relief and insuranceFederal Emergency Management Agency (FEMA)Floods and storm protectionInsurance industry and regulation

A bill to authorize the Administrator of the Federal Emergency Management Agency to terminate certain contracts on the basis of detrimental conduct to the National Flood Insurance Program, and for other purposes.

USA115th CongressS-1058| Senate 
| Updated: 5/4/2017
National Flood Insurance Program Consultant Accountability Act of 2017 This bill amends the National Flood Insurance Act of 1968 to allow the Federal Emergency Management Agency (FEMA) to terminate certain contracts under the National Flood Insurance Program on the basis of detrimental conduct to the program by a "covered entity" (an attorney, law firm, consultant, or third-party company that provides certain services under the contract). Specifically, on such basis, FEMA may terminate a contract between a covered entity and a "Write Your Own" company (a property and casualty company that writes and services standard flood insurance policies in its own name). FEMA shall establish a process for a covered entity to appeal such a termination. Neither FEMA nor a Write Your Own company is required to make an early-termination payout to a covered entity with respect to a contract terminated under the bill.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 4, 2017
Introduced in Senate
May 4, 2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • May 4, 2017
    Introduced in Senate


  • May 4, 2017
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
John Kennedy

John Kennedy

Republican Senator

Louisiana

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

Related Bills

  • S 115-1368: A bill to reauthorize the National Flood Insurance Program, and for other purposes.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Administrative remediesContracts and agencyDepartment of Homeland SecurityDisaster relief and insuranceFederal Emergency Management Agency (FEMA)Floods and storm protectionInsurance industry and regulation