[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4116 Introduced in House (IH)]







107th CONGRESS
  2d Session
                                H. R. 4116

 To require the Secretary of Agriculture to use funds of the Commodity 
    Credit Corporation to provide emergency financial assistance to 
  agricultural producers that have incurred income losses in calendar 
                               year 2001.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 9, 2002

  Mr. Peterson of Minnesota introduced the following bill; which was 
                referred to the Committee on Agriculture

_______________________________________________________________________

                                 A BILL


 
 To require the Secretary of Agriculture to use funds of the Commodity 
    Credit Corporation to provide emergency financial assistance to 
  agricultural producers that have incurred income losses in calendar 
                               year 2001.

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

SECTION 1. INCOME LOSS ASSISTANCE FOR AGRICULTURAL PRODUCERS.

    (a) In General.--The Secretary of Agriculture shall use 
$1,800,000,000 of funds of the Commodity Credit Corporation to make 
emergency financial assistance available to producers on a farm that 
have incurred qualifying income losses in calendar year 2001, including 
losses due to army worms.
    (b) Administration.--The Secretary shall make assistance available 
under this section in the same manner as provided under section 815 of 
the Agriculture, Rural Development, Food and Drug Administration, and 
Related Agencies Appropriations Act, 2001 (Public Law 106-387; 114 
Stat. 1549A-55), including using the same loss thresholds for the 
quantity and economic losses as were used in administering that 
section.
    (c) Use of Funds for Cash Payments.--The Secretary may use funds 
made available under this section to make, in a manner consistent with 
this section, cash payments not for crop disasters, but for income loss 
to carry out the purposes of this section.
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