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Code · BILL · 113th Congress · H.R. 1995 (Introduced in House) — To reform the Federal Crop Insurance Act and reduce Federal spending on crop insurance. · Sec. 4

Sec. 4. Cap on reimbursements for administrative and operating expenses of crop insurance providers

93 words·~1 min read·/bill/113/hr/1995/ih/section-4

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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 new subparagraph: Notwithstanding subparagraphs
(A)through (F), total reimbursements for administrative and operating costs for the 2013 insurance year for all types of policies and plans of insurance shall not exceed $900,000,000. For each subsequent insurance year, the dollar amount in effect pursuant to the preceding sentence shall be increased by the same inflation factor as established for the administrative and operating costs cap in the 2011 Standard Reinsurance Agreement. .
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Sec. 4
Cap on reimbursements for administrative and operating expenses of crop insurance providers
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