End Subsidies for Tobacco Act

Bill: 114-hr-4710
Sponsor: full_name: Rep. Russell, Steve [R-OK-5]
Introduced: 2016-03-03
Policy area: Agriculture and Food
Subjects: Agricultural insurance

Agricultural prices, subsidies, credit

Drug, alcohol, tobacco use
Latest action: action_date: 2016-03-22
text: Referred to the Subcommittee on General Farm Commodities and Risk Management.

Summaries:
action_date: 2016-03-03
action_desc: Introduced in House
text: <p><b>End Subsidies for Tobacco Act </b></p> <p>This bill amends the Federal Crop Insurance Act to prohibit the Department of Agriculture from subsidizing crop insurance premiums for tobacco. Any savings that occur as a result of this bill must be deposited in the Treasury and used for deficit reduction. </p>

tv_txt: I 114th CONGRESS 2d Session H. R. 4710 IN THE HOUSE OF REPRESENTATIVES March 3, 2016 Mr. Russell introduced the following bill; which was referred to the Committee on Agriculture A BILL To amend the Federal Crop Insurance Act to eliminate premium subsidies for crop insurance for tobacco.

1. Short title This Act may be cited as the End Subsidies for Tobacco Act . 2. Prohibition on payment of portion of premium by corporation for tobacco Section 508(e) of the Federal Crop Insurance Act ( 7 U.S.C. 1508(e) ) is amended by adding at the end the following: (9) Prohibition on payment of portion of premium by corporation for tobacco (A) In general Effective beginning with the 2018 reinsurance year, notwithstanding any other provision of this subtitle, the Corporation shall not pay any portion of the premium for a policy or plan of insurance for tobacco under this subtitle. (B) Deficit reduction Any savings realized as a result of subparagraph (A) shall be deposited in the Treasury and used for Federal budget deficit reduction. .