On the recordMay 21, 2013
I ask unanimous consent that the reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To strike a reduction in the supplemental nutrition assistance program, with an offset that limits crop insurance reimbursements to providers) Beginning on page 355, strike line 8 and all that follows through page 357, line 15. On page 1065, after line 25, add the following: SEC. 11011. ANNUAL LIMITATION ON DELIVERY EXPENSES AND REDUCED RATE OF RETURN. (a) Annual Limitation on Delivery Expenses.--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: ``(G) Annual limitation on delivery expenses.--Beginning with the 2014 reinsurance year, the amount paid by the Corporation to reimburse approved insurance providers and agents for the administrative and operating costs of the approved insurance providers and agents shall not exceed $924,000,000 per year.''. (b) Reduced Rate of Return.--Section 508(k)(8) of the Federal Crop Insurance Act (7 U.S.C. 1508(k)(8)) (as amended by section 11011) is amended by adding at the end the following: ``(G) Reduced rate of return.--Beginning with the 2014 reinsurance year, the Standard Reinsurance Agreement shall be adjusted to ensure a projected rate of return for the approved insurance producers not to exceed 12 percent, as determined by the Corporation.''.
