S.Amdt. 2333
What it does: Adds SEC. 11011. REDUCED RATE OF RETURN on page 953, between lines 8 and 9
Sen. Saxby Chambliss (R-GA)What it changes
1 change to S. 3240
Adds SEC. 11011. REDUCED RATE OF RETURN on page 953, between lines 8 and 9
Adds a sectionPrinted pageInserted: SEC. 11011. REDUCED RATE OF RETURN.
Inserted: Section 508(k)(8) of the Federal Crop Insurance Act (7 U.S.C. 1508(k)(8)) (as amended by section 11010) is amended by adding at the end the following:
Inserted: "(G) Reduced rate of return.--Beginning with the 2014 reinsurance year, the Standard Reinsurance Agreement shall be adjusted to ensure a projected rate of return for the approved insurance producers not to exceed 12 percent of the retained premium, as determined by the Corporation.".
Original wording
On page 953, between lines 8 and 9, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2333. Mr. CHAMBLISS (for himself and Mr. Isakson) submitted an amendment intended to be proposed by him to the bill S. 3240, to reauthorize agricultural programs through 2017, and for other purposes; which was ordered to lie on the table; as follows:
On page 953, between lines 8 and 9, insert the following:
SEC. 11011. REDUCED RATE OF RETURN.
Section 508(k)(8) of the Federal Crop Insurance Act (7 U.S.C. 1508(k)(8)) (as amended by section 11010) is amended by adding at the end the following:
“(G) Reduced rate of return.--Beginning with the 2014 reinsurance year, the Standard Reinsurance Agreement shall be adjusted to ensure a projected rate of return for the approved insurance producers not to exceed 12 percent of the retained premium, as determined by the Corporation.”.
Legislative Activity
Stay on top of the latest movement without scrolling through every action
Senate amendment submitted
June 11, 2012