Bill Sponsor
Senate Bill 1058
115th Congress(2017-2018)
National Flood Insurance Program Consultant Accountability Act of 2017
Introduced
Introduced
Introduced in Senate on May 4, 2017
Overview
Text
Introduced
May 4, 2017
Latest Action
May 4, 2017
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1058
Congress
115
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Louisiana
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

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.

Text (1)
Actions (2)
05/04/2017
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
05/04/2017
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:36:30 PM