Reimbursement on other crops may not be cut to pay for it
What the document says“the Corporation shall not reduce, with respect to any reinsurance year, the amount or the rate of reimbursement to approved insurance providers and agents under the Standard Reinsurance Agreement described in clause (ii) of such subparagraph for administrative and operating expenses”
The section bars the Corporation, in carrying out the specialty crop floor, from cutting the amount or rate of reimbursement in any reinsurance year for contracts covering crops that the floor does not reach. The section also provides that these requirements and adjustments are not a renegotiation under paragraph (8)(A).
What the document actually says“the Corporation shall not reduce, with respect to any reinsurance year, the amount or the rate of reimbursement to approved insurance providers and agents under the Standard Reinsurance Agreement described in clause (ii) of such subparagraph for administrative and operating expenses”
The Corporation may not cut what it pays on other contracts. That holds in any reinsurance year. It covers both the amount and the rate.
The floor for specialty crops must not be paid for by other growers. Rates on other crops stay where they are. The change does not count as reopening the deal.
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