[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3845 Introduced in House (IH)]

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114th CONGRESS
  1st Session
                                H. R. 3845

To amend the Federal Crop Insurance Act to repeal the changes regarding 
 the Standard Reinsurance Agreement enacted as part of the Bipartisan 
                          Budget Act of 2015.


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                    IN THE HOUSE OF REPRESENTATIVES

                            October 28, 2015

Mr. Young of Iowa introduced the following bill; which was referred to 
                      the Committee on Agriculture

_______________________________________________________________________

                                 A BILL


 
To amend the Federal Crop Insurance Act to repeal the changes regarding 
 the Standard Reinsurance Agreement enacted as part of the Bipartisan 
                          Budget Act of 2015.

    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 Restoration Act''.

SEC. 2. STANDARD REINSURANCE AGREEMENT.

    Section 508(k)(8) of the Federal Crop Insurance Act (7 U.S.C. 
1508(k)(8)), as amended by section 201 of the Bipartisan Budget Act of 
2015, is further amended--
            (1) in subparagraph (A), by striking ``shall renegotiate'' 
        and all that follows through the end of clause (ii) and 
        inserting ``may renegotiate the financial terms and conditions 
        of each Standard Reinsurance Agreement once during each period 
        of 5 reinsurance years after the 2015 reinsurance year.'';
            (2) in subparagraphs (C) and (F), by striking 
        ``subparagraph (A)(ii)'' each place it appears and inserting 
        ``subparagraph (A)''; and
            (3) by striking subparagraph (E).
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