S. 1442 · 114th Congress
Exclusion for Deficit Reduction in Agricultural Subsidies Elimination Act
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
FlakeSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Exclusion for Deficit Reduction in Agricultural Subsidies Elimination Act or the ERASE Act
What it does: CRS summary · Introduced in Senate · May 21, 2015
Exclusion for Deficit Reduction in Agricultural Subsidies Elimination Act or the ERASE Act
This bill amends the Federal Crop Insurance Act to eliminate a requirement that any renegotiated Standard Insurance Agreement (SRA) be budget neutral.
The SRA is an agreement between the Department of Agriculture (USDA) and the private companies that administer the federal crop insurance program. It specifies details such as administrative and operating expense reimbursements and risk sharing between USDA and the companies in the operation of the program.
Eliminating the budget neutrality requirement permits USDA to use the renegotiation of the SRA to achieve savings.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Exclusion for Deficit Reduction in Agricultural Subsidies Elimination Act
Also known as: ERASE Act
Latest action (May 21, 2015): Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Policy area: Agriculture and Food · Origin: Senate · Introduced: May 21, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.