Bill > S1058

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, 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) if the covered entity has engaged in conduct that is detrimental to the flood insurance program. FEMA must establish an appeals process for a covered entity to challenge such a termination, and neither FEMA nor a Write Your Own company is required to make an early-termination payout to a covered entity with respect to a terminated contract.

Housing and Urban Affairs

https://www.congress.gov/bill/115th-congress/senate-bill/1058/all-info