3.0.0 1442 2023-01-11T13:31:04Z 2023-01-11T13:31:04Z Senate S 2015-05-21 114 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Standing Referred to 2015-05-21T20:32:11Z 2015-05-21 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. IntroReferral 2015-05-21 Introduced in Senate IntroReferral 10000 9 Library of Congress F000444 Sen. Flake, Jeff [R-AZ] JEFF FLAKE R AZ N B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2015-05-21 True Agriculture and Food Agricultural insurance Budget deficits and national debt Agriculture and Food 00 2015-05-21 Introduced in Senate 2015-08-17T16:53:41Z Exclusion for Deficit Reduction in Agricultural Subsidies Elimination Act or the ERASE Act

This bill amends the Federal Crop Insurance Act to eliminate a 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. It specifies details such as administrative and operating expense reimbursements and risk sharing between USDA and the companies in the operation of the program.

Eliminating the budget neutrality requirement permits USDA to use the renegotiation of the SRA to achieve savings.

]]> Exclusion for Deficit Reduction in Agricultural Subsidies Elimination Act Display Title Exclusion for Deficit Reduction in Agricultural Subsidies Elimination Act Official Title as Introduced A bill to amend the Federal Crop Insurance Act to strike a provision relating to the budget neutrality of any renegotiated Standard Reinsurance Agreement. Introduced in Senate IS Short Titles as Introduced Exclusion for Deficit Reduction in Agricultural Subsidies Elimination Act Short Titles as Introduced ERASE Act Introduced in Senate 2015-05-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114s1442is/xml/BILLS-114s1442is.xml 2015-05-21 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.