U.S. Congress - S.1486 Rural America Preservation Act of 2007
S.1486 - Rural America Preservation Act of 2007
A bill to amend the Food Security Act of 1985 to restore integrity to and strengthen payment limitation rules for commodity payments and benefits. view all titles (2)
All Bill Titles
- Short: Rural America Preservation Act of 2007 as introduced.
- Official: A bill to amend the Food Security Act of 1985 to restore integrity to and strengthen payment limitation rules for commodity payments and benefits. as introduced.
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Official Summary
5/24/2007--Introduced.Rural America Preservation Act of 2007 - Amends the Food Security Act of 1985 to reduce maximum annual direct and counter-cyclical commodity payments to $20,000 and $30,000, respectively. Revises limitation provisions for marketing loan gains, loan deficiency paymentsOfficial Summary
5/24/2007--Introduced.Rural America Preservation Act of 2007 - Amends the Food Security Act of 1985 to reduce maximum annual direct and counter-cyclical commodity payments to $20,000 and $30,000, respectively. Revises limitation provisions for marketing loan gains, loan deficiency payments, and commodity certificate transactions, and establishes an annual combined limitation of $75,000 for such payments. Doubles payment limitations for single farming operations. Limits an individual to a combined annual payment of $250,000. Makes a person who commits fraud in connection with a scheme or device to evade certain program limitations (multiple entities, citizenship) ineligible for farm benefits for six years. Revises provisions respecting limitation of benefits to active farmers. Makes foreign entities ineligible for agricultural program benefits. Expresses the sense of the Senate that any savings achieved by this Act should be used to establish a permanent agricultural disaster relief program.
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Recent Blog Coverage
Jimmy Carter Supports Farm Bill Reform Amendments
... 2419/S 2302/SA 3500), namely the Lugar-Lautenberg (S 2228/SA 3711) and Dorgan-Grassley (S.1486/SA 3508/SA 3786) amendments, saying âBoth amendments would go a long way toward making the farm bill fair for farmers at home and abroad. ...
Farm Policy Facts News Exclusives - Policy Analysis: Support the ...
While not contained in S. 1486, the Grassley-Dorgan bill, there has been discussion among the proponents of draconian pay limits of a desire to cut the Adjusted Gross Income test by 90%, from $2.5 million to $250000, ...
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