[Congressional Record Volume 164, Number 107 (Tuesday, June 26, 2018)]
[Senate]
[Page S4420]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 3103. Mr. DURBIN (for himself, Mr. Grassley, Mr. Flake, Mrs.
Shaheen, and Mr. McCain) submitted an amendment intended to be proposed
by him to the bill H.R. 2, to provide for the reform and continuation
of agricultural and other programs of the Department of Agriculture
through fiscal year 2023, and for other purposes; which was ordered to
lie on the table; as follows:
At the end of title XI, add the following:
SEC. 11____. LIMITATION ON PREMIUM SUBSIDY BASED ON AVERAGE
ADJUSTED GROSS INCOME.
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) Limitation on premium subsidy based on average
adjusted gross income.--
``(A) Definition of average adjusted gross income.--In this
paragraph, the term `average adjusted gross income' has the
meaning given the term in section 1001D(a) of the Food
Security Act of 1985 (7 U.S.C. 1308-3a(a)).
``(B) Limitation.--Notwithstanding any other provision of
this subtitle and beginning with the 2019 reinsurance year,
in the case of any producer that is a person or legal entity
that has an average adjusted gross income in excess of
$700,000 based on the most recent data available from the
Farm Service Agency as of the beginning of the reinsurance
year, the total amount of premium subsidy provided with
respect to additional coverage under subsection (c) or
section 508B issued on behalf of the producer for a
reinsurance year shall be 15 percentage points less than the
premium subsidy provided in accordance with this subsection
that would otherwise be available for the applicable policy,
plan of insurance, and coverage level selected by the
producer.''.
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