[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6270 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 6270

To amend the Federal Crop Insurance Act to require annual disclosure of 
        crop insurance premium subsidies in the public interest.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             August 1, 2012

  Ms. Speier introduced the following bill; which was referred to the 
                        Committee on Agriculture

_______________________________________________________________________

                                 A BILL


 
To amend the Federal Crop Insurance Act to require annual disclosure of 
        crop insurance premium subsidies in the public interest.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Crop Insurance Subsidy Transparency 
Act of 2012''.

SEC. 2. ANNUAL DISCLOSURE OF CROP INSURANCE PREMIUM SUBSIDIES IN THE 
              PUBLIC INTEREST.

    Section 502(c)(2) of the Federal Crop Insurance Act (7 U.S.C. 
1502(c)(2)) is amended--
            (1) by redesignating subparagraphs (A) and (B) as 
        subparagraphs (C) and (D) respectively; and
            (2) by inserting before subparagraph (C) (as so 
        redesignated) the following:
                    ``(A) Disclosure in the public interest.--
                Notwithstanding paragraph (1) or any other provision of 
                law, except as provided in subparagraph (B), the 
                Secretary shall on an annual basis make available to 
                the public--
                            ``(i)(I) the name of each individual or 
                        entity who obtained a federally subsidized crop 
                        insurance, livestock, or forage policy or plan 
                        of insurance during the previous fiscal year;
                            ``(II) the amount of premium subsidy 
                        received by the individual or entity from the 
                        Corporation; and
                            ``(III) the amount of any Federal portion 
                        of indemnities paid in the event of a loss 
                        during that fiscal year for each policy 
                        associated with that individual or entity; and
                            ``(ii) for each private insurance provider, 
                        by name--
                                    ``(I) the underwriting gains earned 
                                through participation in the federally 
                                subsidized crop insurance program; and
                                    ``(II) the amount paid under this 
                                subtitle for--
                                            ``(aa) administrative and 
                                        operating expenses;
                                            ``(bb) any Federal portion 
                                        of indemnities and reinsurance; 
                                        and
                                            ``(cc) any other purpose.
                    ``(B) Limitation.--The Secretary shall not disclose 
                information pertaining to individuals and entities 
                covered by a catastrophic risk protection plan offered 
                under section 508(b).''.
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