Section 1 Short title
This Act may be cited as the “Exclusion for Deficit Reduction in Agricultural Subsidies Elimination Act” or the “ERASE Act”.
Exclusion for Deficit Reduction in Agricultural Subsidies Elimination Act
A BILL
To amend the Federal Crop Insurance Act to strike a provision relating to the budget neutrality of any renegotiated Standard Reinsurance Agreement.
Sec. 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).