The easiest way to email your members of Congress
Donate NowH.R.6098 - Crop Insurance Subsidy Reduction Act
To amend the Federal Crop Insurance Act to immediately reduce crop insurance premium subsidy rates from the higher subsidies provided since the Agricultural Risk Protection Act of 2000.

Loading Bill Text
Rollover any line of text to comment and/or link to it.
HR 6098 IHCommentsClose CommentsPermalink

112th CONGRESSCommentsClose CommentsPermalink

2d SessionCommentsClose CommentsPermalink

H. R. 6098CommentsClose CommentsPermalink

To amend the Federal Crop Insurance Act to immediately reduce crop insurance premium subsidy rates from the higher subsidies provided since the Agricultural Risk Protection Act of 2000.CommentsClose CommentsPermalink

IN THE HOUSE OF REPRESENTATIVESCommentsClose CommentsPermalink

July 11, 2012CommentsClose CommentsPermalink

July 11, 2012CommentsClose CommentsPermalink

Mr. FLAKE (for himself and Mr. CHAFFETZ) introduced the following bill; which was referred to the Committee on AgricultureCommentsClose CommentsPermalink

A BILLCommentsClose CommentsPermalink

To amend the Federal Crop Insurance Act to immediately reduce crop insurance premium subsidy rates from the higher subsidies provided since the Agricultural Risk Protection Act of 2000.CommentsClose CommentsPermalink

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,CommentsClose CommentsPermalink

SECTION 1. SHORT TITLE.
This Act may be cited as the ‘Crop Insurance Subsidy Reduction Act’.CommentsClose CommentsPermalink

SEC. 2. REDUCTION IN SHARE OF CROP INSURANCE PREMIUM PAID BY FEDERAL CROP INSURANCE CORPORATION.
Section 508(e)(2) of the Federal Crop Insurance Act (

(1) in subparagraph (B)(i), by striking ‘67’ and inserting ‘55’;CommentsClose CommentsPermalink

(2) by redesignating subparagraph (E) as subparagraph (G) and, in clause (i) of such subparagraph, by striking ‘55’ and inserting ‘24’;CommentsClose CommentsPermalink

(3) by redesignating subparagraph (F) as subparagraph (H) and, in clause (i) of such subparagraph, by striking ‘48’ and inserting ‘17’;CommentsClose CommentsPermalink

(4) by redesignating subparagraph (G) as subparagraph (I) and, in clause (i) in such subparagraph, by striking ‘38’ and inserting ‘13’; andCommentsClose CommentsPermalink

(5) by inserting after subparagraph (B) the following new subparagraphs:CommentsClose CommentsPermalink

‘(C) In the case of additional coverage equal to or greater than 55 percent, but less than 60 percent, of the recorded or appraised average yield indemnified at not greater than 100 percent of the expected market price, or a comparable coverage for a policy or plan of insurance that is not based on individual yield, the amount shall be equal to the sum of--CommentsClose CommentsPermalink
‘(i) 46 percent of the amount of the premium established under subsection (d)(2)(B)(i) for the coverage level selected; andCommentsClose CommentsPermalink
‘(ii) the amount determined under subsection (d)(2)(B)(ii) for the coverage level selected to cover operating and administrative expenses.CommentsClose CommentsPermalink
‘(D) In the case of additional coverage equal to or greater than 60 percent, but less than 65 percent, of the recorded or appraised average yield indemnified at not greater than 100 percent of the expected market price, or a comparable coverage for a policy or plan of insurance that is not based on individual yield, the amount shall be equal to the sum of--CommentsClose CommentsPermalink
‘(i) 38 percent of the amount of the premium established under subsection (d)(2)(B)(i) for the coverage level selected; andCommentsClose CommentsPermalink
‘(ii) the amount determined under subsection (d)(2)(B)(ii) for the coverage level selected to cover operating and administrative expenses.CommentsClose CommentsPermalink
‘(E) In the case of additional coverage equal to or greater than 65 percent, but less than 70 percent, of the recorded or appraised average yield indemnified at not greater than 100 percent of the expected market price, or a comparable coverage for a policy or plan of insurance that is not based on individual yield, the amount shall be equal to the sum of--CommentsClose CommentsPermalink
‘(i) 42 percent of the amount of the premium established under subsection (d)(2)(B)(i) for the coverage level selected; andCommentsClose CommentsPermalink
‘(ii) the amount determined under subsection (d)(2)(B)(ii) for the coverage level selected to cover operating and administrative expenses.CommentsClose CommentsPermalink
‘(F) In the case of additional coverage equal to or greater than 70 percent, but less than 75 percent, of the recorded or appraised average yield indemnified at not greater than 100 percent of the expected market price, or a comparable coverage for a policy or plan of insurance that is not based on individual yield, the amount shall be equal to the sum of--CommentsClose CommentsPermalink
‘(i) 32 percent of the amount of the premium established under subsection (d)(2)(B)(i) for the coverage level selected; andCommentsClose CommentsPermalink
‘(ii) the amount determined under subsection (d)(2)(B)(ii) for the coverage level selected to cover operating and administrative expenses.’.CommentsClose CommentsPermalink
Vote on This Bill
-
Share This Bill
More Share via Email

U.S. Congress - Text of H.R.6098 as Introduced in House Crop Insurance Subsidy Reduction Act



