Crop Insurance Subsidy Reduction Act of 2013

Summary: Crop Insurance Subsidy Reduction Act of 2013 - Amends the Federal Crop Insurance Act to reduce crop insurance premium subsidy rates.

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Crop Insurance Subsidy Reduction Act 
of 2013''.

SEC. 2. REDUCTION IN SHARE OF CROP INSURANCE PREMIUM PAID BY FEDERAL 
              CROP INSURANCE CORPORATION.

    Section 508(e)(2) of the Federal Crop Insurance Act (7 U.S.C. 
1508(e)(2)) is amended--
            (1) in subparagraph (B)(i), by striking ``67'' and 
        inserting ``55'';
            (2) in subparagraph (E)(i), by striking ``55'' and 
        inserting ``24'';
            (3) in subparagraph (F)(i), by striking ``48'' and 
        inserting ``17'';
            (4) in subparagraph (G)(i), by striking ``38'' and 
        inserting ``13'';
            (5) by redesignating subparagraphs (C) through (G) as 
        subparagraphs (G) through (K), respectively; and
            (6) by inserting after subparagraph (B) the following:
                    ``(C) In the case of additional coverage equal to 
                or greater than 55 percent, but less than 60 percent, 
                of the recorded or appraised average yield indemnified 
                at not greater than 100 percent of the expected market 
                price, or a comparable coverage for a policy or plan of 
                insurance that is not based on individual yield, the 
                amount shall be equal to the sum of--
                            ``(i) 46 percent of the amount of the 
                        premium established under subsection 
                        (d)(2)(B)(i) for the coverage level selected; 
                        and
                            ``(ii) the amount determined under 
                        subsection (d)(2)(B)(ii) for the coverage level 
                        selected to cover operating and administrative 
                        expenses.
                    ``(D) In the case of additional coverage equal to 
                or greater than 60 percent, but less than 65 percent, 
                of the recorded or appraised average yield indemnified 
                at not greater than 100 percent of the expected market 
                price, or a comparable coverage for a policy or plan of 
                insurance that is not based on individual yield, the 
                amount shall be equal to the sum of--
                            ``(i) 38 percent of the amount of the 
                        premium established under subsection 
                        (d)(2)(B)(i) for the coverage level selected; 
                        and
                            ``(ii) the amount determined under 
                        subsection (d)(2)(B)(ii) for the coverage level 
                        selected to cover operating and administrative 
                        expenses.
                    ``(E) In the case of additional coverage equal to 
                or greater than 65 percent, but less than 70 percent, 
                of the recorded or appraised average yield indemnified 
                at not greater than 100 percent of the expected market 
                price, or a comparable coverage for a policy or plan of 
                insurance that is not based on individual yield, the 
                amount shall be equal to the sum of--
                            ``(i) 42 percent of the amount of the 
                        premium established under subsection 
                        (d)(2)(B)(i) for the coverage level selected; 
                        and
                            ``(ii) the amount determined under 
                        subsection (d)(2)(B)(ii) for the coverage level 
                        selected to cover operating and administrative 
                        expenses.
                    ``(F) In the case of additional coverage equal to 
                or greater than 70 percent, but less than 75 percent, 
                of the recorded or appraised average yield indemnified 
                at not greater than 100 percent of the expected market 
                price, or a comparable coverage for a policy or plan of 
                insurance that is not based on individual yield, the 
                amount shall be equal to the sum of--
                            ``(i) 32 percent of the amount of the 
                        premium established under subsection 
                        (d)(2)(B)(i) for the coverage level selected; 
                        and
                            ``(ii) the amount determined under 
                        subsection (d)(2)(B)(ii) for the coverage level 
                        selected to cover operating and administrative 
                        expenses.''.

SEC. 3. BUDGETARY EFFECTS.

    The budgetary effects of this Act, for the purpose of complying 
with the Statutory Pay-As-You-Go Act of 2010, shall be determined by 
reference to the latest statement titled ``Budgetary Effects of PAYGO 
Legislation'' for this Act, submitted for printing in the Congressional 
Record by the Chairman of the Senate Budget Committee, provided that 
such statement has been submitted prior to the vote on passage.