SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Farm Program Payment Limitations 
Reform Act of 1993''.

SEC. 2. ATTRIBUTION OF PAYMENTS.

    (a) Paragraph (5)(C) of section 1001 of the Food Security Act of 
1985 (7 U.S.C. 1308(5)(C)) is amended to read as follows:
            ``(C) In the case of corporations and other entities 
        included in subparagraph (B), and partnerships, the Secretary 
        shall attribute payments to natural persons in proportion to 
        their ownership interests in an entity and in any other entity, 
        or partnership, which owns or controls the entity, or 
        partnership, receiving such payment.''.
    (b) Section 609 of the Agricultural Act of 1949 (7 U.S.C. 1471g) is 
amended by striking subsections (c) and (d) and inserting the 
following:
    ``(c) In the case of corporations and other entities included in 
section 1001(5)(B) of the Food Security Act of 1985, and partnerships, 
the Secretary shall attribute payments to natural persons in proportion 
to their ownership interests in such entities and partnerships.''.

SEC. 3. REPEAL OF 3-ENTITY RULE.

    Section 1001A(a)(1) of the Food Security Act of 1985 (7 U.S.C. 
1308-1(a)(1) is amended--
            (1) in the first sentence by--
                    (A) striking ``substantial beneficial interests in 
                more than two entities'' and inserting ``a substantial 
                beneficial interest in any other entity''; and
                    (B) striking ``receive such payment as separate 
                persons'' and insert ``receives such payments as a 
                separate person''; and
    (2) by striking the second sentence.

SEC. 4. IMPOSITION OF PERSONAL LABOR REQUIREMENT.

    Section 1001A(b) of the Food Security Act of 1985 (7 U.S.C. 1308-
1(b)) is amended in subparagraphs (A)(i)(II), (B)(ii), and (C) of 
paragraph (2) and subparagraph (B) of paragraph (3) by striking ``or 
active personal management''.

SEC. 5. REDUCTION IN WOOL ACT PAYMENT LIMITATION.

    Subparagraph (D) of section 704(b)(1) of the National Wool Act of 
1954 (7 U.S.C. 1783(b)(1)(D)) is amended by striking ``$125,000'' and 
inserting ``$50,000''.

SEC. 6. GENERAL ACCOUNTING OFFICE REVIEW AND REPORT.

    The Food Security Act of 1985 is amended by adding after section 
1001E the following new section:

``SEC. 1001F. GENERAL ACCOUNTING OFFICE REVIEW AND REPORT.

    ``(a) Review.--The Comptroller General of the United States shall 
review the implementation of the amendments made by the Farm Program 
Payment Limitations Reform Act of 1993 to determine whether the payment 
limitation provisions of this Act and the National Wool Act of 1945 (7 
U.S.C. 1781 et seq.), as amended by the Farm Program Payment 
Limitations Reform Act of 1993, have been implemented to effectively 
and fairly--
            ``(1) require the attribution of payments to individuals;
            ``(2) prohibit the creation of entities by program 
        participants to garner payments to any individual in amounts 
        greater than those described in sections 1001 through 1001E and 
        section 704(b)(1) of the National Wool Act of 1954 (7 U.S.C. 
        1783(b)(1));
            ``(3) limit payments to any one farm program participant to 
        the amounts described in paragraph (2);
            ``(4) require the contribution of active personal labor by 
        program participants in order to be eligible for payments under 
        this Act and the National Wool Act of 1945; and
            ``(5) administer the payment limitation provisions of such 
        Acts.
    ``(b) Report.--Not later than two years after the date of enactment 
of this section, and periodically thereafter as he or she determines 
necessary, the Comptroller General shall submit a report to the 
Committee on Agriculture of the House of Representatives and the 
Committee on Agriculture, Nutrition, and Forestry of the Senate that 
describes--
            ``(1) the results of the review required under subsection 
        (a);
            ``(2) any information available to the Comptroller General 
        that any individual, farming operation, or entity is receiving 
        payments in excess of the amounts described in sections 1001 
        through 1001E and section 704(b)(1) of the National Wool Act of 
        1954, including--
                    ``(A) the number and dollar value of payments 
                described in section 1001(1)(A) or in section 704 of 
                the National Wool Act of 1954 made to any natural 
                persons, entities, and farming operations, by State and 
                commodity, that exceeded the payment limitation in such 
                section and an explanation of why the payment 
                limitation was exceeded;
                    ``(B) for any commodity for which a marketing loan 
                is in effect, the number and dollar value of any gain 
                realized, plus forfeitures, by natural persons, 
                entities, and farming operations, by State and 
                commodity, that exceeded the payment limitation in 
                section 1001(1)(B) and an explanation of why the 
                payment limitation was exceeded; and
                    ``(C) the number and dollar value of total payments 
                set forth under section 1001(2)(B) made to natural 
                persons, entities, and farming operations, by State and 
                commodity, that exceeded the payment limitation in 
                section 1001(2)(A) and an explanation of why the 
                payment limitation was exceeded;
            ``(3) any other information that the Comptroller General 
        determines appropriate to assist in the oversight of the 
        implementation of the payment limitations described in 
        subsection (a); and
            ``(4) the recommendations of the Comptroller General for 
        the effective and fair implementation of the payment limitation 
        provisions of such Acts to--
                  ``(A) address the matters described in subsection 
                (a);
                  ``(B) enforce the payment limitations described in 
                paragraph (2); and
                  ``(C) effectively and fairly administer the commodity 
                programs established under the Agricultural Act of 1949 
                and the National Wool Act of 1954.''.
Farm Program Payment Limitations Reform Act of 1993 - Amends the Food Security Act of 1985 to revise specified farm program limitations, including repeal of the three-entity rule. 
Amends the National Wool Act of 1954 to reduce annual wool or mohair payment limitations. 
Amends the Food Security Act of 1985 to direct the General Accounting Office to review the implementation of the payment revisions made by this Act.
Farm Program Payment Limitations Reform Act of 1993