S. 1773Senate115th Congress (2017-2019)In Committee

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.

AI-Generated Summary

Updated April 15, 2026 at 5:51 PM UTC

The bill changes the Federal Crop Insurance Act to put a ceiling on how much profit crop‑insurance reinsurance companies can earn—capping it at 9.6% of retained premiums—and to eliminate the rule that the reinsurance program must be budget‑neutral. These changes affect the financial terms of crop‑insurance reinsurance agreements between the government and private insurers.

Key Provisions

Sets a cap on the average rate of return for companies that provide reinsurance under the Federal Crop Insurance Act, limiting it to 9.6% of the premiums they keep each year starting in 2018.
Deletes the budget‑neutrality requirement (subparagraph F) from the Standard Reinsurance Agreement, removing the rule that the reinsurance program must not affect the overall federal budget.

Legislative Activity

Stay on top of the latest movement without scrolling through every action

1 earlier action

SenateIntro Referral Latest Action

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Agriculture, Nutrition, and Forestry Committee

September 7, 2017

View full timeline

SenateIntro Referral

Introduced in Senate

September 7, 2017

SenateIntro Referral

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Agriculture, Nutrition, and Forestry Committee

September 7, 2017

Bill Text

Latest available legislative text

Reading Mode

Raw Text PDF XML

Introduced in SenateIssued September 7, 2017

115th CONGRESS

1st Session

S. 1773

IN THE SENATE OF THE UNITED STATES

September 7, 2017

Mr. Flake (for himself and Mrs. Shaheen) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry

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.

Reinsurance

Section 508(k) of the Federal Crop Insurance Act (7 U.S.C. 1508(k)) is amended—

(1)

in paragraph (3)—

(A)

by striking (3) Share of risk.—The and inserting the following:

(3)

Risk

(A)

Share of risk

The

; and

(B)

by adding at the end the following:

(B)

Limitation on average rate of return

The target average rate of return for reinsured companies for the 2018 reinsurance year and each subsequent reinsurance year shall be 9.6 percent of retained premiums.

; and

(2)

in paragraph (8), by striking subparagraph (F).