Harvest Price Subsidy Prohibition Act

Bill: 115-s-2096
Sponsor: full_name: Sen. Flake, Jeff [R-AZ]
Introduced: 2017-11-08
Policy area: Agriculture and Food
Subjects: Agricultural insurance

Agricultural prices, subsidies, credit
Latest action: action_date: 2017-11-08
text: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Summaries:
action_date: 2017-11-08
action_desc: Introduced in Senate
text: <p><b>Harvest Price Subsidy Prohibition Act </b></p> <p>This bill amends the Federal Crop Insurance Act to prohibit the Federal Crop Insurance Corporation from paying a premium subsidy for a crop insurance policy that is based on the actual market price of an agricultural commodity on the date of harvest. </p>

tv_txt: II 115th CONGRESS 1st Session S. 2096 IN THE SENATE OF THE UNITED STATES November 8, 2017 Mr. Flake (for himself and Mrs. Shaheen ) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry A BILL To amend the Federal Crop Insurance Act to prohibit payments of premium subsidy for harvest price policies.

1. Short title This Act may be cited as the Harvest Price Subsidy Prohibition Act . 2. Prohibition on premium subsidy for harvest price policies 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 premium subsidy for harvest price policies Notwithstanding any other provision of law, beginning with the 2018 reinsurance year, the Corporation shall not pay any amount of premium subsidy in the case of a policy or plan of insurance that is based on the actual market price of an agricultural commodity on the date of harvest. .