S.1058 - National Flood Insurance Program Consultant Accountability Act of 2017115th Congress (2017-2018) |
|Sponsor:||Sen. Kennedy, John [R-LA] (Introduced 05/04/2017)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 05/04/2017 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- To President
- Became Law
Summary: S.1058 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in Senate (05/04/2017)
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.