Section 1 Short title
This Act may be cited as the “Harvest Price Subsidy Prohibition Act”.
Harvest Price Subsidy Prohibition Act
A BILL
To amend the Federal Crop Insurance Act to prohibit payments of premium subsidy for harvest price policies.
Sec. 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 and beginning with the 2018 reinsurance year, the Corporation may 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 at the time of harvest.”