National Flood Insurance Program Consultant Accountability Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jun 23, 2021)
National Flood Insurance Program Consultant Accountability Act of 2021
This bill allows 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 federal 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.
What just happenedJun 23, 2021
Referred to the House Committee on Financial Services.
Who’s behind it
- Introduced in HouseJun 23, 2021
- Jun 23, 2021IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Jun 23, 2021IntroReferralIntro-H
Introduced in House
- Jun 23, 2021IntroReferral1000
Introduced in House