US Codex
Bill
Notes

To impose a limitation on the maximum amount of crop insurance premiums paid by the Federal Crop Insurance Corporation, to repeal the authority to provide direct payments for producers of certain major agricultural commodities and peanuts, to prohibit the Secretary of Agriculture from making payments to the Brazilian Cotton Institute, and for other purposes.

H.R. 1644 · 113th Congress · Apr 18, 2013 · Lineage

A BILL

1. Percentage limitation on maximum amount of crop insurance premiums paid by Federal Crop Insurance 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 new paragraph:

“(7) Additional limitation on portion of premiums paid by Corporation—Notwithstanding any provision of this title to the contrary, the Corporation shall not pay, under any circumstances, more than 70 percent of the premium for any coverage or policy or plan of insurance under this title.”

2. Repeal of direct payments for producers of certain major agricultural commodities and peanuts

(a)
Repeal— Sections 1103 and 1303 of the Food, Conservation, and Energy Act of 2008 (7 U.S.C. 8713, 8753) are repealed.
(b)
Continued application for 2013 crop year— Consistent with section 701 of the American Taxpayer Relief Act of 2012 (Public Law 112–240; 126 Stat. 2362; 7 U.S.C. 8701 note), sections 1103 and 1303 of the Food, Conservation, and Energy Act of 2008 (7 U.S.C. 8713, 8753), as in effect on the day before the date of enactment of this Act, shall continue to apply through the 2013 crop year with respect to all covered commodities (as defined in section 1001 of that Act (7 U.S.C. 8702)) and peanuts on a farm.

3. Prohibition on payments to Brazilian Cotton Institute

The Secretary of Agriculture may not directly, or through the Commodity Credit Corporation, make payments to the Brazilian Cotton Institute.