To strike a reduction in the supplemental nutrition assistance program, with an offset that limits crop insurance reimbursements to providers.

SA 931. Mrs. GILLIBRAND (for herself, Mr. Lautenberg, Mr. Whitehouse,
Mr. Cowan, Mr. Reed, Mr. Blumenthal, Mr. Wyden, Mr. Casey, Mr. King,
Mr. Schumer, Ms. Warren, Mrs. Murray, Mrs. Boxer, Mr. Sanders, Ms.
Baldwin, Mr. Murphy, and Mr. Menendez) submitted an amendment intended
to be proposed by her to the bill S. 954, to reauthorize agricultural
programs through 2018; which was ordered to lie on the table; as
follows:

Beginning on page 355, strike line 8 and all that follows
through page 357, line 15.

On page 1065, after line 25, add the following:

SEC. 11011. ANNUAL LIMITATION ON DELIVERY EXPENSES AND
REDUCED RATE OF RETURN.

(a) Annual Limitation on Delivery Expenses.--Section
508(k)(4) of the Federal Crop Insurance Act (7 U.S.C.
1508(k)(4)) is amended by adding at the end the following:
``(G) Annual limitation on delivery expenses.--Beginning
with the 2014 reinsurance year, the amount paid by the
Corporation to reimburse approved insurance providers and
agents for the administrative and

[[Page S3621]]

operating costs of the approved insurance providers and
agents shall not exceed $924,000,000 per year.''.
(b) 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 11011) 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, as
determined by the Corporation.''.
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