National Flood Insurance Program Consultant Accountability Act of 2021

Hozzl · 2022-12-31T04:59:22Z

Explore the details of House Bill 4091 National Flood Insurance Program Consultant Accountability Act of 2021 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

12/31/2022, 4:59 AM

Summary of Bill HR 4091

Bill 117 HR 4091, also known as the National Flood Insurance Program Consultant Accountability Act of 2021, aims to increase accountability and transparency within the National Flood Insurance Program (NFIP). The bill specifically focuses on regulating the use of consultants within the NFIP to ensure that they are qualified and adhere to ethical standards.

Under this legislation, consultants who work with the NFIP must meet certain qualifications and standards set by the Federal Emergency Management Agency (FEMA). These qualifications may include education, experience, and certification requirements to ensure that consultants are knowledgeable and competent in their field.

Additionally, the bill requires consultants to disclose any potential conflicts of interest that may arise while working with the NFIP. This transparency is intended to prevent any unethical behavior or bias that could impact the integrity of the program. Furthermore, the National Flood Insurance Program Consultant Accountability Act of 2021 establishes a process for reviewing and approving consultants to ensure that they meet the necessary qualifications and standards. This process will help to maintain the quality and effectiveness of the NFIP by ensuring that consultants are held accountable for their work. Overall, this bill seeks to improve the accountability and effectiveness of the National Flood Insurance Program by regulating the use of consultants and promoting transparency within the program.

Congressional Summary of HR 4091

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.

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Current Status of Bill HR 4091

Bill HR 4091 is currently in the status of Bill Introduced since June 23, 2021. Bill HR 4091 was introduced during Congress 117 and was introduced to the House on June 23, 2021. Bill HR 4091's most recent activity was Referred to the House Committee on Financial Services. as of June 23, 2021

Bipartisan Support of Bill HR 4091

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 4091

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Administrative remedies

- Contracts and agency

- Department of Homeland Security

- Disaster relief and insurance

- Federal Emergency Management Agency (FEMA)

- Floods and storm protection

- Insurance industry and regulation

Alternate Title(s) of Bill HR 4091

To authorize the Administrator of the Federal Emergency Management Agency to terminate certain contracts on the basis of detrimental conduct to the National Flood Insurance Program, and for other purposes.

National Flood Insurance Program Consultant Accountability Act of 2021