; and (2) by adding at the end the following: (B) Limitation on average rate of return The target average rate of return for reinsured companies for the 2023 reinsurance year and each subsequent reinsurance year shall be 8.9 percent of retained premiums. . 9. Cap on reimbursements for administrative and operating expenses of crop insurance providers 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) Additional cap on reimbursements (i) In general Notwithstanding subparagraphs (A) through (F), the total amount of reimbursements for administrative and operating costs for the 2023 reinsurance year for all types of policies and plans of insurance shall not exceed $900,000,000. (ii) Adjustment For the 2024 reinsurance year and each subsequent reinsurance year, the dollar amount in effect pursuant to clause (i) shall be increased by the inflation factor established for the administrative and operating costs limitation in the 2011 Standard Reinsurance Agreement. . 10. 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).