S.Amdt. 2630
What it does: Adds SEC. ___. REDUCTION IN SHARE OF CROP INSURANCE PREMIUM PAID BY FEDERAL CROP INSURANCE CORPORATION on page 6, line 11
Sen. Jeff Flake (R-AZ)What it changes
1 change to S. 1845
Adds SEC. ___. REDUCTION IN SHARE OF CROP INSURANCE PREMIUM PAID BY FEDERAL CROP INSURANCE CORPORATION on page 6, line 11
Adds a sectionPrinted pageInserted: SEC. ___. REDUCTION IN SHARE OF CROP INSURANCE PREMIUM PAID BY FEDERAL CROP INSURANCE CORPORATION.
Inserted: (a) In General.--Section 508(e)(2) of the Federal Crop Insurance Act (7 U.S.C. 1508(e)(2)) is amended--
Inserted: (1) in subparagraph (B)(i), by striking "67" and inserting "55";
Inserted: (2) in subparagraph (E)(i), by striking "55" and inserting "24";
Inserted: (3) in subparagraph (F)(i), by striking "48" and inserting "17";
Inserted: (4) in subparagraph (G)(i), by striking "38" and inserting "13";
Inserted: (5) by redesignating subparagraphs (C) through (G) as subparagraphs (G) through (K), respectively; and
Inserted: (6) by inserting after subparagraph (B) the following:
Inserted: "(C) In the case of additional coverage equal to or greater than 55 percent, but less than 60 percent, of the recorded or appraised average yield indemnified at not greater than 100 percent of the expected market price, or a comparable coverage for a policy or plan of insurance that is not based on individual yield, the amount shall be equal to the sum of--
Inserted: "(i) 46 percent of the amount of the premium established under subsection (d)(2)(B)(i) for the coverage level selected; and
Inserted: "(ii) the amount determined under subsection (d)(2)(B)(ii) for the coverage level selected to cover operating and administrative expenses.
Inserted: "(D) In the case of additional coverage equal to or greater than 60 percent, but less than 65 percent, of the recorded or appraised average yield indemnified at not greater than 100 percent of the expected market price, or a comparable coverage for a policy or plan of insurance that is not based on individual yield, the amount shall be equal to the sum of--
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Inserted: "(i) 38 percent of the amount of the premium established under subsection (d)(2)(B)(i) for the coverage level selected; and
Inserted: "(ii) the amount determined under subsection (d)(2)(B)(ii) for the coverage level selected to cover operating and administrative expenses.
Inserted: "(E) In the case of additional coverage equal to or greater than 65 percent, but less than 70 percent, of the recorded or appraised average yield indemnified at not greater than 100 percent of the expected market price, or a comparable coverage for a policy or plan of insurance that is not based on individual yield, the amount shall be equal to the sum of--
Inserted: "(i) 42 percent of the amount of the premium established under subsection (d)(2)(B)(i) for the coverage level selected; and
Inserted: "(ii) the amount determined under subsection (d)(2)(B)(ii) for the coverage level selected to cover operating and administrative expenses.
Inserted: "(F) In the case of additional coverage equal to or greater than 70 percent, but less than 75 percent, of the recorded or appraised average yield indemnified at not greater than 100 percent of the expected market price, or a comparable coverage for a policy or plan of insurance that is not based on individual yield, the amount shall be equal to the sum of--
Inserted: "(i) 32 percent of the amount of the premium established under subsection (d)(2)(B)(i) for the coverage level selected; and
Inserted: "(ii) the amount determined under subsection (d)(2)(B)(ii) for the coverage level selected to cover operating and administrative expenses.".
Inserted: (b) Budgetary Effects.--The budgetary effects of this section, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled "Budgetary Effects of PAYGO Legislation" for this section, submitted for printing in the Congressional Record by the Chairman of the Senate Budget Committee, provided that such statement has been submitted prior to the vote on passage.
Original wording
On page 6, after line 11, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2630. Mr. FLAKE submitted an amendment intended to be proposed by him to the bill S. 1845, to provide for the extension of certain unemployment benefits, and for other purposes; which was ordered to lie on the table; as follows:
On page 6, after line 11, add the following:
SEC. ___. REDUCTION IN SHARE OF CROP INSURANCE PREMIUM PAID BY FEDERAL CROP INSURANCE CORPORATION.
(a) In General.--Section 508(e)(2) of the Federal Crop Insurance Act (7 U.S.C. 1508(e)(2)) is amended--
(1) in subparagraph (B)(i), by striking “67” and inserting “55”;
(2) in subparagraph (E)(i), by striking “55” and inserting “24”;
(3) in subparagraph (F)(i), by striking “48” and inserting “17”;
(4) in subparagraph (G)(i), by striking “38” and inserting “13”;
(5) by redesignating subparagraphs (C) through (G) as subparagraphs (G) through (K), respectively; and
(6) by inserting after subparagraph (B) the following:
“(C) In the case of additional coverage equal to or greater than 55 percent, but less than 60 percent, of the recorded or appraised average yield indemnified at not greater than 100 percent of the expected market price, or a comparable coverage for a policy or plan of insurance that is not based on individual yield, the amount shall be equal to the sum of--
“(i) 46 percent of the amount of the premium established under subsection (d)(2)(B)(i) for the coverage level selected; and
“(ii) the amount determined under subsection (d)(2)(B)(ii) for the coverage level selected to cover operating and administrative expenses.
“(D) In the case of additional coverage equal to or greater than 60 percent, but less than 65 percent, of the recorded or appraised average yield indemnified at not greater than 100 percent of the expected market price, or a comparable coverage for a policy or plan of insurance that is not based on individual yield, the amount shall be equal to the sum of--
“(i) 38 percent of the amount of the premium established under subsection (d)(2)(B)(i) for the coverage level selected; and
“(ii) the amount determined under subsection (d)(2)(B)(ii) for the coverage level selected to cover operating and administrative expenses.
“(E) In the case of additional coverage equal to or greater than 65 percent, but less than 70 percent, of the recorded or appraised average yield indemnified at not greater than 100 percent of the expected market price, or a comparable coverage for a policy or plan of insurance that is not based on individual yield, the amount shall be equal to the sum of--
“(i) 42 percent of the amount of the premium established under subsection (d)(2)(B)(i) for the coverage level selected; and
“(ii) the amount determined under subsection (d)(2)(B)(ii) for the coverage level selected to cover operating and administrative expenses.
“(F) In the case of additional coverage equal to or greater than 70 percent, but less than 75 percent, of the recorded or appraised average yield indemnified at not greater than 100 percent of the expected market price, or a comparable coverage for a policy or plan of insurance that is not based on individual yield, the amount shall be equal to the sum of--
“(i) 32 percent of the amount of the premium established under subsection (d)(2)(B)(i) for the coverage level selected; and
“(ii) the amount determined under subsection (d)(2)(B)(ii) for the coverage level selected to cover operating and administrative expenses.”.
(b) Budgetary Effects.--The budgetary effects of this section, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled “Budgetary Effects of PAYGO Legislation” for this section, submitted for printing in the Congressional Record by the Chairman of the Senate Budget Committee, provided that such statement has been submitted prior to the vote on passage.
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Senate amendment submitted
January 9, 2014