118 HR 5747 IH: Crop Insurance Transparency Act U.S. House of Representatives 2023-09-27 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.

I118th CONGRESS1st SessionH. R. 5747IN THE HOUSE OF REPRESENTATIVESSeptember 27, 2023Mr. Blumenauer (for himself and Mr. Norman) introduced the following bill; which was referred to the Committee on AgricultureA BILLTo amend the Federal Crop Insurance Act to increase transparency with respect to crop insurance, and for other purposes.

1.

Short title

This Act may be cited as the Crop Insurance Transparency Act.

2.

Crop insurance premium subsidies disclosure 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 that obtained a federally subsidized crop insurance, livestock, or forage policy or plan of insurance during the previous reinsurance 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 for that reinsurance year for each policy associated with that individual or entity; and(ii)for each private insurance provider, a description by the name of the private insurance provider of—(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 under subparagraph (A) information relating to individuals and entities covered by a catastrophic risk protection plan offered under section 508(b)..