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Bills
House Bill 3698
115th Congress(2017-2018)
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 House on Sep 7, 2017
Overview
Text
Introduced
Sep 7, 2017
Latest Action
Sep 15, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3698
Congress
115
Policy Area
Agriculture and Food
Agriculture and Food
Primary focus of measure is agricultural practices; agricultural prices and marketing; agricultural education; food assistance or nutrition programs; food industry, supply, and safety; aquaculture; horticulture and plants. Measures concerning international trade in agricultural products may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Jimmy Duncan
Tennessee
Democrat
Ron Kind
Wisconsin
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

This bill amends the Federal Crop Insurance Act to modify the requirements for the federal crop insurance program. The bill: (1) limits the average rate of return for reinsured companies for the 2018 reinsurance year and each subsequent reinsurance year to 9.6% of retained premiums, and (2) eliminates the requirement that any renegotiated Standard Insurance Agreement (SRA) be budget-neutral.

(The SRA is an agreement between the Department of Agriculture [USDA] and the private companies that administer the federal crop insurance program that specifies details such as administrative and operating expense reimbursements and risk sharing. Eliminating the budget neutrality requirement permits USDA to use the renegotiation of the SRA to achieve savings.)

Text (1)
Introduced in House
September 7, 2017
Related Bills (2)
Jun 22, 2018
Introduced in House
6
Sponsorship
House Bill 6204
Families First Act of 2018
Introduced
Type
Related Bill
Related Bill
A related bill may be a companion measure, an identical bill, a procedurally-related measure, or one with text similarities. Bill relationships are identified by the House, the Senate, or CRS, and refer only to same-Congress measures.
Identified By
CRS
Sep 07, 2017
Introduced in Senate
2
Sponsorship
Senate Bill 1773
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
Type
Identical Bill
Identical Bill
A bill that is word-for-word identical to another bill. Bills are characterized as identical to each other at the introduced stage only, even though a later (e.g., reported or passed) version of a bill might meet the same criteria for text similarity. Companion measures, procedurally-related measures, and legislation with text similarities are other related bill types.
Identified By
CRS
Actions (3)
09/15/2017
Referred to the Subcommittee on General Farm Commodities and Risk Management.
09/07/2017
Referred to the House Committee on Agriculture.
09/07/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:38:45 PM
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