[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 1773 Introduced in Senate (IS)]

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115th CONGRESS
  1st Session
                                S. 1773

 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.


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                   IN THE SENATE OF THE UNITED STATES

                           September 7, 2017

Mr. Flake (for himself and Mrs. Shaheen) introduced the following bill; 
  which was read twice and referred to the Committee on Agriculture, 
                        Nutrition, and Forestry

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                                 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.

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

SECTION 1. REINSURANCE.

    Section 508(k) of the Federal Crop Insurance Act (7 U.S.C. 1508(k)) 
is amended--
            (1) in paragraph (3)--
                    (A) by striking ``(3) Share of risk.--The'' and 
                inserting the following:
            ``(3) Risk.--
                    ``(A) Share of risk.--The''; and
                    (B) by adding at the end the following:
                    ``(B) Limitation on average rate of return.--The 
                target average rate of return for reinsured companies 
                for the 2018 reinsurance year and each subsequent 
                reinsurance year shall be 9.6 percent of retained 
                premiums.''; and
            (2) in paragraph (8), by striking subparagraph (F).
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