Stop Hiding Congressional Farm Subsidies Act

Bill: 114-hr-1322
Sponsor: full_name: Rep. Peters, Scott H. [D-CA-52]
Introduced: 2015-03-04
Policy area: Agriculture and Food
Subjects: Agricultural insurance

Agricultural prices, subsidies, credit

Federal officials

Government ethics and transparency, public corruption

Government information and archives

Members of Congress
Latest action: action_date: 2015-03-23
text: Referred to the Subcommittee on General Farm Commodities and Risk Management.

Summaries:
action_date: 2015-03-04
action_desc: Introduced in House
text: <p><b>Stop Hiding Congressional Farm Subsidies Act </b></p> <p>This bill amends the Federal Crop Insurance Act to require the Department of Agriculture (USDA) to publicly disclose crop insurance premium subsidies paid on behalf of Members of Congress and their immediate families, Cabinet Secretaries and their immediate families, or entities of which any of these individuals is a majority shareholder. </p> <p> USDA must publicly disclose for private insurance providers: (1) underwriting gains earned through participation in the federal crop insurance program; and (2) amounts paid for administrative and operating expenses, any federal portion of indemnities and reinsurance, and any other purpose.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 1322 IN THE HOUSE OF REPRESENTATIVES March 4, 2015 Mr. Peters (for himself, Mr. Kind , Ms. Slaughter , Mr. Connolly , and Mr. Grijalva ) introduced the following bill; which was referred to the Committee on Agriculture A BILL To amend the Federal Crop Insurance Act to require the public disclosure of crop insurance premium subsidies made on behalf of Members of Congress and their immediate families, Cabinet Secretaries and their immediate families, and entities of which any such individual or combination of such individuals is a majority shareholder, and to require the public disclosure of the underwriting gains earned by private insurance providers and the business expenses covered by the Federal Government.

1. Short title This Act may be cited as the Stop Hiding Congressional Farm Subsidies Act . 2. Disclosure of crop insurance premium subsidies made on behalf of Members of Congress and certain other individuals and entities Section 502(c) of the Federal Crop Insurance Act ( 7 U.S.C. 1502(c) ) is amended— (1) in paragraph (2), by adding at the end the following new subparagraph: (C) Disclosure of subsidies made on behalf of Members of Congress and Cabinet Secretaries (i) Disclosure required The Secretary shall make available to the public, on an annual basis, the following information regarding each individual or entity specified in clause (ii) who obtained a federally subsidized crop insurance, livestock, or forage policy or plan of insurance (other than a catastrophic risk protection plan offered under section 508(b)) during the previous fiscal year: (I) The name of the individual or entity. (II) The amount of premium subsidy received by the individual or entity from the Corporation for such policy or plan of insurance. (III) The amount of any Federal portion of indemnities paid to the individual or entity in the event of a loss during that fiscal year under the policy or plan of insurance. (ii) Covered individuals This subparagraph applies with respect to the following: (I) Members of Congress and their immediate families. (II) Cabinet Secretaries and their immediate families. (III) Entities of which any individual described in clause (i) or (ii), or a combination of such individuals, is a majority shareholder. ; and (2) by adding at the end the following new paragraph: (5) Disclosure of benefits for private insurance providers Notwithstanding paragraph (1) or any other provision of law, the Secretary shall make available to the public, on an annual basis, the following information regarding each private insurance provider, by name: (A) The underwriting gains earned through participation in the federally subsidized crop insurance program. (B) The amount paid under this subtitle for administrative and operating expenses, any Federal portion of indemnities and reinsurance, and any other purpose. .