113 S2201 IS: To limit the level of premium subsidy provided by the Federal Crop Insurance Corporation to agricultural producers. U.S. Senate 2014-04-02 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
II113th CONGRESS2d SessionS. 2201IN THE SENATE OF THE UNITED STATESApril 2, 2014Mrs. Shaheen (for herself and Mr. Coburn) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and ForestryA BILLTo limit the level of premium subsidy provided by the Federal Crop Insurance Corporation to agricultural producers.
1.
Limitation on payment of portion of premium by 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:(9)
Limitation
(A)
In general
Notwithstanding any other provision of this title, the total amount of premium paid by the Corporation on behalf of a person or legal entity, directly or indirectly, with respect to all policies issued to the person or legal entity under this title for a crop year shall be limited to a maximum of $70,000.(B)
Relationship to other law
To the maximum extent practicable, the Corporation shall carry out this paragraph in accordance with section 1001 of the Food Security Act of 1985 (7 U.S.C. 1308)..