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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.

USA115th CongressHR-3698| House 
| Updated: 9/15/2017
John J. Duncan

John J. Duncan

Republican Representative

Tennessee

Cosponsors (1)
Ron Kind (Democratic)

Agriculture Committee, General Farm Commodities, Risk Management, and Credit Subcommittee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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 Agriculture [USDA] and the private companies that administer the federal crop insurance program that specifies details such as administrative and operating expense reimbursements and risk sharing. Eliminating the budget neutrality requirement permits USDA to use the renegotiation of the SRA to achieve savings.)
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Timeline
Sep 7, 2017

Latest Companion Bill Action

S 115-1773
Introduced in Senate
Sep 7, 2017
Introduced in House
Sep 7, 2017
Referred to the House Committee on Agriculture.
Sep 15, 2017
Referred to the Subcommittee on General Farm Commodities and Risk Management.
  • September 7, 2017

    Latest Companion Bill Action

    S 115-1773
    Introduced in Senate


  • September 7, 2017
    Introduced in House


  • September 7, 2017
    Referred to the House Committee on Agriculture.


  • September 15, 2017
    Referred to the Subcommittee on General Farm Commodities and Risk Management.

Agriculture and Food

Related Bills

  • HR 115-6204: To clarify standards of family detention and the treatment of unaccompanied alien children, and for other purposes.
  • S 115-1773: 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.
Agricultural insuranceInsurance industry and regulation

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.

USA115th CongressHR-3698| House 
| Updated: 9/15/2017
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 Agriculture [USDA] and the private companies that administer the federal crop insurance program that specifies details such as administrative and operating expense reimbursements and risk sharing. Eliminating the budget neutrality requirement permits USDA to use the renegotiation of the SRA to achieve savings.)
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Sep 7, 2017

Latest Companion Bill Action

S 115-1773
Introduced in Senate
Sep 7, 2017
Introduced in House
Sep 7, 2017
Referred to the House Committee on Agriculture.
Sep 15, 2017
Referred to the Subcommittee on General Farm Commodities and Risk Management.
  • September 7, 2017

    Latest Companion Bill Action

    S 115-1773
    Introduced in Senate


  • September 7, 2017
    Introduced in House


  • September 7, 2017
    Referred to the House Committee on Agriculture.


  • September 15, 2017
    Referred to the Subcommittee on General Farm Commodities and Risk Management.
John J. Duncan

John J. Duncan

Republican Representative

Tennessee

Cosponsors (1)
Ron Kind (Democratic)

Agriculture Committee, General Farm Commodities, Risk Management, and Credit Subcommittee

Agriculture and Food

Related Bills

  • HR 115-6204: To clarify standards of family detention and the treatment of unaccompanied alien children, and for other purposes.
  • S 115-1773: 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.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Agricultural insuranceInsurance industry and regulation