H. R. 3845
IN THE HOUSE OF REPRESENTATIVES
October 28, 2015
Mr. Young of Iowa introduced the following bill; which was referred to the Committee on Agriculture
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.
This Act may be cited as the
Crop Insurance Restoration Act.
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—
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.;
in subparagraphs (C) and (F), by striking
subparagraph (A)(ii) each place it appears and inserting
subparagraph (A); and
by striking subparagraph (E).