National Flood Insurance Program Consultant Accountability Act of 2023
This bill, the National Flood Insurance Program Consultant Accountability Act of 2023, creates new rules for ending contracts between the federal flood insurance program and third-party service providers (like lawyers, consultants, or companies that help administer flood insurance policies). The federal administrator can terminate a contract if a provider's actions harm the program, after giving 14 days' notice. Providers can appeal a termination but won't receive early termination payments. The law applies only to contracts entered into after the bill becomes law and directly affects these service providers and the insurance companies that work with them under the federal flood insurance program.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2023
Committee Review
Floor Vote
President
Introduced Mar 29, 2023
Last action Mar 29, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 29, 2023
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Mar 29, 2023
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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