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S 1442 114th Congress Senate Agriculture and Food Agricultural insurance Budget deficits and national debt

ERASE Act

Introduced: May 21, 2015 See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 2015
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
May 21, 2015
Introduced in Senate
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 Plain-English summary Congressional Research Service

Exclusion for Deficit Reduction in Agricultural Subsidies Elimination Act or the ERASE Act

This bill amends the Federal Crop Insurance Act to eliminate a requirement that any renegotiated Standard Insurance Agreement (SRA) be budget neutral.

The SRA is an agreement between the Department of Agriculture (USDA) and the private companies that administer the federal crop insurance program. It specifies details such as administrative and operating expense reimbursements and risk sharing between USDA and the companies in the operation of the program.

Eliminating the budget neutrality requirement permits USDA to use the renegotiation of the SRA to achieve savings.

What's happening now May 21, 2015

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Booker, Cory A.
New Jersey · May 21, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1442: ERASE Act. 114th Congress. Open America. https://openamerica.io/bill/114-S-1442/
MLA
"S. 1442: ERASE Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-1442/.
Bluebook (legal)
S. 1442, 114th Cong. (2026), https://openamerica.io/bill/114-S-1442/.
Markdown link
[S. 1442: ERASE Act](https://openamerica.io/bill/114-S-1442/)
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