S. 1442 — Introduced in Senate

II 114th CONGRESS 1st Session S. 1442 IN THE SENATE OF THE UNITED STATES May 21, 2015 Mr. Flake (for himself and Mr. Booker) 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 strike a provision relating to the budget neutrality of any renegotiated Standard Reinsurance Agreement. 1. Short title This Act may be cited as the Exclusion for Deficit Reduction in Agricultural Subsidies Elimination Act or the ERASE Act. 2. Renegotiation of Standard Reinsurance Agreement Section 508(k)(8) of the Federal Crop Insurance Act (7 U.S.C. 1508(k)(8)) is amended by striking subparagraph (F).