Crop Insurance Subsidy Transparency Act of 2013

Bill: 113-hr-2121
Sponsor: full_name: Rep. Speier, Jackie [D-CA-14]
Introduced: 2013-05-22
Policy area: Agriculture and Food
Subjects: Agricultural insurance

Agricultural prices, subsidies, credit

Government information and archives

Insurance industry and regulation
Latest action: action_date: 2013-06-03
text: Referred to the Subcommittee on General Farm Commodities and Risk Management.

Summaries:
action_date: 2013-05-22
action_desc: Introduced in House
text: <p>Crop Insurance Subsidy Transparency Act of 2013 - Amends the Federal Crop Insurance Act to require annual disclosure to the public of specified crop insurance premium subsidy information.</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 2121 IN THE HOUSE OF REPRESENTATIVES May 22, 2013 Ms. Speier (for herself and Mr. Kind ) introduced the following bill; which was referred to the Committee on Agriculture A BILL To amend the Federal Crop Insurance Act to require annual disclosure of crop insurance premium subsidies in the public interest.

1. Short title This Act may be cited as the Crop Insurance Subsidy Transparency Act of 2013 . 2. Annual disclosure of crop insurance premium subsidies in the public interest Section 502(c)(2) of the Federal Crop Insurance Act ( 7 U.S.C. 1502(c)(2) ) is amended— (1) by redesignating subparagraphs (A) and (B) as subparagraphs (C) and (D) respectively; and (2) by inserting before subparagraph (C) (as so redesignated) the following: (A) Disclosure in the public interest Notwithstanding paragraph (1) or any other provision of law, except as provided in subparagraph (B), the Secretary shall on an annual basis make available to the public— (i) (I) the name of each individual or entity who obtained a federally subsidized crop insurance, livestock, or forage policy or plan of insurance during the previous fiscal year; (II) the amount of premium subsidy received by the individual or entity from the Corporation; and (III) the amount of any Federal portion of indemnities paid in the event of a loss during that fiscal year for each policy associated with that individual or entity; and (ii) for each private insurance provider, by name— (I) the underwriting gains earned through participation in the federally subsidized crop insurance program; and (II) the amount paid under this subtitle for— (aa) administrative and operating expenses; (bb) any Federal portion of indemnities and reinsurance; and (cc) any other purpose. (B) Limitation The Secretary shall not disclose information pertaining to individuals and entities covered by a catastrophic risk protection plan offered under section 508(b). .