42 U.S.C. § 4083

Settlement of claims; arbitration

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(a) The Administrator is authorized to make final settlement of any claims or demands which may arise as a result of any financial transactions which he is authorized to carry out under this subchapter, and may, to assist him in making any such settlement, refer any disputes relating to such claims or demands to arbitration, with the consent of the parties concerned.(b) Such arbitration shall be advisory in nature, and any award, decision, or recommendation which may be made shall become final only upon the approval of the Administrator.(Pub. L. 90–448, title XIII, § 1347, Aug. 1, 1968, 82 Stat. 586; Pub. L. 98–181, title I [title IV, § 451(d)(1)], Nov. 30, 1983, 97 Stat. 1229; Pub. L. 112–141, div. F, title II, § 100238(b)(1), July 6, 2012, 126 Stat. 958.)Editorial NotesAmendments

2012—Pub. L. 112–141 substituted “Administrator” for “Director” in subsecs. (a) and (b).

1983—Pub. L. 98–181 substituted “Director” for “Secretary” in subsecs. (a) and (b).

Statutory Notes and Related SubsidiariesEffective Date

Section effective 120 days following Aug. 1, 1968, or such later date prescribed by the Secretary but in no event more than 180 days following Aug. 1, 1968, see section 1377 of Pub. L. 90–448, set out as a note under section 4001 of this title.

Transfer of Functions

For transfer of all functions, personnel, assets, components, authorities, grant programs, and liabilities of the Federal Emergency Management Agency, including the functions of the Under Secretary for Federal Emergency Management relating thereto, to the Federal Emergency Management Agency, see section 315(a)(1) of Title 6, Domestic Security.

For transfer of functions, personnel, assets, and liabilities of the Federal Emergency Management Agency, including the functions of the Director of the Federal Emergency Management Agency relating thereto, to the Secretary of Homeland Security, and for treatment of related references, see former section 313(1) and sections 551(d), 552(d), and 557 of Title 6, Domestic Security, and the Department of Homeland Security Reorganization Plan of November 25, 2002, as modified, set out as a note under section 542 of Title 6.

Notes of Decisions

Cited in 3 cases, 1975–2001 · leading case: United States v. Bankers Ins. Co., 245 F.3d 315 (4th Cir. 2001).

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United States v. Bankers Ins. Co., 245 F.3d 315 (4th Cir. 2001). · cites it 2× “An arbitration agreement under the NFIA is therefore non-binding— the FIA Director must approve an arbitration “award, decision, or recommendation” before it is permitted to “become final[.]” Id Hence, the Government claims that the arbitration agreement embodied in the…”

Drewett v. Aetna Cas. & Sur. Co., 405 F. Supp. 877 (W.D. La. 1975). “Further, the Act grants claimants access to the United States Court for the District in which the insured property or major *879 part thereof is situated by special jurisdictional grant without regard to the amount in controversy [ 42 U.S.C. § 4083 ] to insure speedy judicial…”

United States v. Bankers Ins. Co (4th Cir. 2001). · cites it 2× “3 See 42 U.S.C. § 4083 (b) ("Such arbitration shall be advisory in nature .”

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