,,ii #aahth ,,congress #ast ,session ,s4 #bdba ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,july #bj1 #bjbc ,mr4 ,booker 7for himself1 ,mr4 ,blumenthal1 and ,mr4 ,welch7 introduced the following bill2 which was read twice and referred to the ,committee on ,agriculture1 ,nutrition1 and ,forestry ,a ,,bill ,to require the ,federal ,crop ,insurance ,corporation to revise the terms of the ,standard ,reinsurance ,agreement and the ,livestock ,price ,reinsurance ,agreement1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,insuring ,fairness for ,family ,farmers ,act of #bjbc4 #b4 ,terms for ,standard ,reinsurance ,agreement and ,livestock ,price ,reinsurance ,agreement 7a7 ,definitions ,in this section3 7#a7 ,a,o subsidy ,the term ,a,o subsidy means the subsidy for administrative and operating expenses paid by the ,corporation on behalf of the policyholder to the applicable approved insurance provider for eligible crop insurance contracts for additional coverage levels1 in accordance with section #ejh7k77#d7 of the ,federal ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejh7k77#d774 7#b7 ,corporation ,the term ,corporation has the meaning given the term in section #ejb7;b7 of the ,federal ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejb7;b774 7#c7 ,secretary ,the term ,secretary means the ,secretary of ,agriculture4 7b7 ,renegotiation of standard reinsurance agreement and the ,livestock ,price ,reinsurance ,agreement 7#a7 ,in general ,the ,corporation shall revise the financial terms and conditions of the ,standard ,reinsurance ,agreement and the ,livestock ,price ,reinsurance ,agreement to modify the calculation of ,a,o subsidies-- 7,a7 to improve the equity of the distribution of payments to crop insurance agents across farm sizes2 and 7,b7 to improve the equity of policies sold across farm sizes4 7#b7 ,terms ,the terms that shall be included in the revised ,standard ,reinsurance ,agreement and ,livestock ,price ,reinsurance ,agreement under paragraph 7#a7 are the following3 7,a7 ,subject to paragraph 7#c71 there shall be a fixed minimum amount and maximum amount for the amount of ,a,o subsidy that may be paid per insurance policyholder1 and the maximum amount shall not be more than #djj percent greater than the minimum amount4 7,b7 ,the amount of an ,a,o subsidy1 within the minimum and maximum amounts established under subparagraph 7,a71 shall correspond to the complexity1 for a crop insurance agent1 of issuing #a or more insurance plans for a specific policyholder-- 7i7 taking into account factors including the number of crops being insured by the policyholder1 the type of insurance policies being issued1 the number of insurance policies or endorsements being issued1 and whether the policyholder has had crop insurance previously2 but 7ii7 not taking into account the insurance policy premium4 7,c7 7i7 ,a bonus of #aj percent of the applicable ,a,o subsidy amount shall be added to the total amount of the applicable ,a,o subsidy1 for each condition described in clause 7ii7 that is satisfied4 7ii7 ,the conditions referred to in clause 7i7 are the following3 7,i7 ,the applicable farm operates less than #ahj acres4 7,,ii7 ,the insurance policy insures at least #a specialty crop that is not eligible for a crop-specific insurance policy in the county in which the specialty crop is grown4 7,,iii7 ,the applicable farm is owned by a farmer who has never purchased crop insurance before4 7#c7 ,exceptions to minimum and maximum amounts 7,a7 ,minimum for ,standard ,reinsurance agreement ,in the case of the ,standard ,reinsurance ,agreement1 the ,corporation may reduce the minimum amount of an ,a,o subsidy established under paragraph 7#b77;,a7 as needed to comply with section ,,iii7a77#b77;,g7 of the #bjbd ,standard ,reinsurance ,agreement4 7,b7 ,maximum ,an ,a,o subsidy amount may exceed the maximum amount established under paragraph 7#b77;,a7 if a bonus or multiple bonuses under paragraph 7#b77;,c7 are applied to the ,a,o subsidy amount4 7#d7 ,budget ,the ,corporation shall ensure that the ,standard ,reinsurance ,agreement and the ,livestock ,price ,reinsurance ,agreement renegotiated under paragraph 7#a7 shall each1 to the maximum extent practicable1 be estimated as budget neutral with respect to the total amount of ,a,o subsidy payments as compared to the total amount of such payments estimated to be made under the immediately preceding ,standard ,reinsurance ,agreement or ,livestock ,price ,reinsurance ,agreement1 as applicable1 if that ,agreement were extended over the same period of time4 7#e7 ,tracking data ,the ,administrator of the ,risk ,management ,agency may establish a program that maintains a list of farmers that have purchased crop insurance previously to share with approved insurance providers for purposes of implementing the bonus described in paragraph 7#b77;,c74 7c7 ,public data 7#a7 ,guidance ,the ,corporation shall develop and publish the methodology used to determine the amount of an ,a,o subsidy1 within the minimum and maximum amounts established pursuant to subsection 7b77#b77;,a71 based on the complexity of issuing an insurance policy for #a or more farms of a policyholder4 7#b7 ,a,o subsidy data 7,a7 ,in general ,the ,secretary shall make publicly available1 on an annual basis1 ,a,o subsidy data regarding-- 7i7 the total amount of ,a,o subsidy payments1 organized by ,state1 commodity1 insurance plan type1 and practice type2 7ii7 the average and median ,a,o subsidy payments per insured acre1 organized by ,state1 commodity1 insurance plan type1 and practice type2 7iii7 the total amount of compensation paid by approved insurance providers to crop insurance agents1 organized by ,state1 commodity1 insurance plan type1 and practice type2 7iv7 the average and median compensation per insured acre paid by approved insurance providers to crop insurance agents1 organized by ,state1 commodity1 insurance plan type1 and practice type2 7v7 the average and median ,a,o subsidy payment per policyholder1 organized by ,state1 commodity1 insurance plan type1 and practice type2 7vi7 the average and median ,a,o subsidy payment per insured acre1 organized by ,state1 commodity1 insurance plan type1 and practice type2 7vii7 whether and how much total additional ,a,o subsidies were paid due to the ,snap,back program or #a or more bonuses described in subsection 7b77#b77;,c71 organized by ,state1 insurance plan type1 and commodity2 and 7viii7 whether ,a,o subsidies were subject to the ,standard ,reinsurance ,agreement or ,livestock ,price ,reinsurance ,agreement1 as applicable1 cap for ,a,o subsidies1 and if so1 what the total amount of ,a,o subsidy amounts would have been without the cap1 organized by ,state1 insurance plan type1 and commodity4 7,b7 ,confidentiality ,the data made publicly available under subparagraph 7,a7 shall be aggregated and anonymized to protect the privacy of individuals and approved insurance providers4 7d7 ,data from approved insurance providers ,an approved insurance provider shall annually submit data on agent compensation1 by individual agent1 agency1 and policy1 to the ,secretary and the ,comptroller ,general of the ,united ,states on request4 7e7 ,study ,the ,administrator of the ,risk ,management ,agency shall use data mining and other available information-- 7#a7 to analyze the impact of the changes to ,a,o subsidy amounts required under this section on-- 7,a7 the distribution of ,a,o subsidy amounts across policies and farming operations2 and 7,b7 agent and producer choices on how to insure crops2 and 7#b7 to assess whether changes in the number of policies per farming operation and other factors indicate attempts to undermine the goal of this section to improve the equity of the distribution of ,a,o subsidy amounts4 7f7 ,regulations ,the ,administrator of the ,risk ,management ,agency shall promulgate regulations1 if needed1 to limit the attempts described in subsection 7e77#b74 #c4 ,,gao report ,not later than #a year after the date of enactment of this ,act1 the ,comptroller ,general of the ,united ,states shall make publicly available a report that-- 7#a7 assesses the structure of the ,federal crop insurance program2 and 7#b7 provides recommendations on how to reform that program to best reflect generally accepted insurance and market principles4