[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 463 Introduced in Senate (IS)]

114th CONGRESS
  1st Session
                                 S. 463

   To amend the Federal Crop Insurance Act to prohibit the paying of 
 premium subsidies on policies based on the actual market price of an 
             agricultural commodity at the time of harvest.


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                   IN THE SENATE OF THE UNITED STATES

                           February 11, 2015

Mr. Flake (for himself and Mrs. Shaheen) introduced the following bill; 
  which was read twice and referred to the Committee on Agriculture, 
                        Nutrition, and Forestry

_______________________________________________________________________

                                 A BILL


 
   To amend the Federal Crop Insurance Act to prohibit the paying of 
 premium subsidies on policies based on the actual market price of an 
             agricultural commodity at the time of harvest.

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

SECTION 1. 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 2016 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.''.
                                 <all>