[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6098 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 6098

  To amend the Federal Crop Insurance Act to immediately reduce crop 
  insurance premium subsidy rates from the higher subsidies provided 
          since the Agricultural Risk Protection Act of 2000.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 11, 2012

Mr. Flake (for himself and Mr. Chaffetz) introduced the following bill; 
           which was referred to the Committee on Agriculture

_______________________________________________________________________

                                 A BILL


 
  To amend the Federal Crop Insurance Act to immediately reduce crop 
  insurance premium subsidy rates from the higher subsidies provided 
          since the Agricultural Risk Protection Act of 2000.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Crop Insurance Subsidy Reduction 
Act''.

SEC. 2. REDUCTION IN SHARE OF CROP INSURANCE PREMIUM PAID BY FEDERAL 
              CROP INSURANCE CORPORATION.

    Section 508(e)(2) of the Federal Crop Insurance Act (7 U.S.C. 
1508(e)(2)) is amended--
            (1) in subparagraph (B)(i), by striking ``67'' and 
        inserting ``55'';
            (2) by redesignating subparagraph (E) as subparagraph (G) 
        and, in clause (i) of such subparagraph, by striking ``55'' and 
        inserting ``24'';
            (3) by redesignating subparagraph (F) as subparagraph (H) 
        and, in clause (i) of such subparagraph, by striking ``48'' and 
        inserting ``17'';
            (4) by redesignating subparagraph (G) as subparagraph (I) 
        and, in clause (i) in such subparagraph, by striking ``38'' and 
        inserting ``13''; and
            (5) by inserting after subparagraph (B) the following new 
        subparagraphs:
                    ``(C) In the case of additional coverage equal to 
                or greater than 55 percent, but less than 60 percent, 
                of the recorded or appraised average yield indemnified 
                at not greater than 100 percent of the expected market 
                price, or a comparable coverage for a policy or plan of 
                insurance that is not based on individual yield, the 
                amount shall be equal to the sum of--
                            ``(i) 46 percent of the amount of the 
                        premium established under subsection 
                        (d)(2)(B)(i) for the coverage level selected; 
                        and
                            ``(ii) the amount determined under 
                        subsection (d)(2)(B)(ii) for the coverage level 
                        selected to cover operating and administrative 
                        expenses.
                    ``(D) In the case of additional coverage equal to 
                or greater than 60 percent, but less than 65 percent, 
                of the recorded or appraised average yield indemnified 
                at not greater than 100 percent of the expected market 
                price, or a comparable coverage for a policy or plan of 
                insurance that is not based on individual yield, the 
                amount shall be equal to the sum of--
                            ``(i) 38 percent of the amount of the 
                        premium established under subsection 
                        (d)(2)(B)(i) for the coverage level selected; 
                        and
                            ``(ii) the amount determined under 
                        subsection (d)(2)(B)(ii) for the coverage level 
                        selected to cover operating and administrative 
                        expenses.
                    ``(E) In the case of additional coverage equal to 
                or greater than 65 percent, but less than 70 percent, 
                of the recorded or appraised average yield indemnified 
                at not greater than 100 percent of the expected market 
                price, or a comparable coverage for a policy or plan of 
                insurance that is not based on individual yield, the 
                amount shall be equal to the sum of--
                            ``(i) 42 percent of the amount of the 
                        premium established under subsection 
                        (d)(2)(B)(i) for the coverage level selected; 
                        and
                            ``(ii) the amount determined under 
                        subsection (d)(2)(B)(ii) for the coverage level 
                        selected to cover operating and administrative 
                        expenses.
                    ``(F) In the case of additional coverage equal to 
                or greater than 70 percent, but less than 75 percent, 
                of the recorded or appraised average yield indemnified 
                at not greater than 100 percent of the expected market 
                price, or a comparable coverage for a policy or plan of 
                insurance that is not based on individual yield, the 
                amount shall be equal to the sum of--
                            ``(i) 32 percent of the amount of the 
                        premium established under subsection 
                        (d)(2)(B)(i) for the coverage level selected; 
                        and
                            ``(ii) the amount determined under 
                        subsection (d)(2)(B)(ii) for the coverage level 
                        selected to cover operating and administrative 
                        expenses.''.
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