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S. 1058

National Flood Insurance Program Consultant Accountability Act of 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.

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sen. Kennedy, John [R-LA](R-LA)Sponsor
1committees2actions1related bills7subjects
  1. IntroReferral

    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. IntroReferral10000

    Introduced in Senate

National Flood Insurance Program Consultant Accountability Act of 2017 — Informed