115 HR 2730 IH: End Subsidies for Tobacco Act U.S. House of Representatives 2017-05-25 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.

I115th CONGRESS1st SessionH. R. 2730IN THE HOUSE OF REPRESENTATIVESMay 25, 2017Mr. Russell introduced the following bill; which was referred to the Committee on AgricultureA BILLTo amend the Federal Crop Insurance Act to eliminate premium subsidies for crop insurance for tobacco.

1.

Short title

This Act may be cited as the End Subsidies for Tobacco Act.

2.

Prohibition on payment of portion of premium by corporation for tobacco

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 payment of portion of premium by corporation for tobacco

(A)

In general

Effective beginning with the 2018 reinsurance year, notwithstanding any other provision of this subtitle, the Corporation shall not pay any portion of the premium for a policy or plan of insurance for tobacco under this subtitle. (B)

Deficit reduction

Any savings realized as a result of subparagraph (A) shall be deposited in the Treasury and used for Federal budget deficit reduction..