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- S.1773
S.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.
About This Bill
- Introduced Sept. 7, 2017
- Latest Major Action Sept. 7, 2017
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - Sept. 7, 2017
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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Sept. 7, 2017 |
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
|
| Sept. 7, 2017 |
Introduced in the Senate by Jeff Flake (R-Ariz.) |