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Senate Bill 1773
115th Congress(2017-2018)
A bill to amend the Federal Crop Insurance Act to limit the overall rate of return for crop insurance providers and remove the requirement of budget neutrality in the Standard Reinsurance Agreement.
Introduced
Introduced
Introduced in Senate on Sep 7, 2017
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Introduced in Senate 
Sep 7, 2017
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Introduced in Senate(Sep 7, 2017)
Sep 7, 2017
Not Scanned for Linkage
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 1773 (Introduced-in-Senate)


115th CONGRESS
1st Session
S. 1773


To amend the Federal Crop Insurance Act to limit the overall rate of return for crop insurance providers and remove the requirement of budget neutrality in the Standard Reinsurance Agreement.

IN THE SENATE OF THE UNITED STATES

September 7, 2017

Mr. Flake (for himself and Mrs. Shaheen) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry

A BILL

To amend the Federal Crop Insurance Act to limit the overall rate of return for crop insurance providers and remove the requirement of budget neutrality in the Standard Reinsurance Agreement.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Reinsurance.

Section 508(k) of the Federal Crop Insurance Act (7 U.S.C. 1508(k)) is amended—

(1) in paragraph (3)—

(A) by striking “(3) Share of risk.—The” and inserting the following:

“(3) RISK.—

“(A) SHARE OF RISK.—The”; and

(B) by adding at the end the following:

“(B) LIMITATION ON AVERAGE RATE OF RETURN.—The target average rate of return for reinsured companies for the 2018 reinsurance year and each subsequent reinsurance year shall be 9.6 percent of retained premiums.”; and

(2) in paragraph (8), by striking subparagraph (F).