A bill to limit the level of premium subsidy provided by the Federal Crop Insurance Corporation to agricultural producers.

Bill: 114-s-345
Sponsor: full_name: Sen. Shaheen, Jeanne [D-NH]
Introduced: 2015-02-03
Policy area: Agriculture and Food
Subjects: Agricultural insurance

Agricultural prices, subsidies, credit
Latest action: action_date: 2015-02-03
text: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Summaries:
action_date: 2015-02-03
action_desc: Introduced in Senate
text: <p>This bill amends the Federal Crop Insurance Act to limit federal crop insurance premium subsidies provided to agricultural producers to $50,000. The limit applies to the total amount of premiums paid by the Federal Crop Insurance Corporation on behalf of a person or legal entity for all policies issued for a crop year. </p>

tv_txt: II 114th CONGRESS 1st Session S. 345 IN THE SENATE OF THE UNITED STATES February 3, 2015 Mrs. Shaheen (for herself and Mr. Toomey ) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry A BILL To limit the level of premium subsidy provided by the Federal Crop Insurance Corporation to agricultural producers.

1. Limitation on payment of portion of premium by Corporation 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) Limitation (A) In general Notwithstanding any other provision of this title, the total amount of premium paid by the Corporation on behalf of a person or legal entity, directly or indirectly, with respect to all policies issued to the person or legal entity under this title for a crop year shall be limited to a maximum of $50,000. (B) Relationship to other law To the maximum extent practicable, the Corporation shall carry out this paragraph in accordance with section 1001 of the Food Security Act of 1985 ( 7 U.S.C. 1308 ). .