S. 388: American Family Economic Protection Act of 2013

Introduced:
Feb 26, 2013 (113th Congress, 2013–2015)
Sponsor:
Sen. Barbara Mikulski [D-MD]
Status:
Failed Cloture

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


2/26/2013--Introduced.
American Family Economic Protection Act of 2013 -
Title I - Budget Provisions
Amends the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) to revise discretionary spending limits (spending caps) for security and nonsecurity categories in new budget authority for FY2013. Establishes discretionary spending limits for revised security and nonsecurity categories for FY2014-FY2021. Defines "revised security category" as discretionary appropriations in budget function 050 (defense function).
Repeals certain sequestration requirements for enforcement of a specified budget goal.
Decreases the mandatory total amount of deficit reduction calculated for FY2013 by $109.333 billion and for FY2014 by $25.500 billion.
Amends the American Taxpayer Relief Act of 2012 (ATRA) to postpone until January 2, 2014, for FY2014 the sequestration required starting March 1, 2012, for FY2013 under the Budget Control Act of 2011 if certain circumstances prevail.
Repeals the ATRA treatment of sequester.
Makes conforming amendments to the Gramm-Rudman-Hollings Act.
Title II - Agricultural Programs
Amends the American Taxpayer Relief Act of 2012 to provide that payment acres for direct and counter-cyclical assistance shall be 0% of the base acres for crop year 2013 covered commodities and peanuts.
Extends the existing conservation stewardship program acreage enrollment requirement for FY2013. Makes Commodity Credit Corporation (CCC) funds available for FY2013 for:
(1) the voluntary public access and habitat incentive program, and
(2) the desert terminal lakes program.
Amends the Food and Nutrition Act of 2008 to increase FY2013 amounts available for supplemental nutrition assistance program (SNAP, formerly the food stamp program) employment and training.
Makes CCC funds available for FY2013 for:
(1) the organic agriculture research and extension initiative;
(2) the specialty crop research initiative;
(3) the beginning farmer and rancher development program;
(4) the biobased markets program;
(5) biorefinery assistance;
(6) the bioenergy program for advanced biofuels;
(7) the biodiesel fuel education program;
(8) the Rural Energy for America Program;
(9) biomass research and development;
(10) the biomass crop assistance program;
(11) the farmers' market promotion program;
(12) the national clean plant network;
(13) the national organic certification cost-share program,
(14) organic production and market data initiatives;
(15) outreach and assistance for socially disadvantaged farmers and ranchers;
(16) the rural microentrepreneur assistance program;
(17) livestock indemnity payments;
(18) the livestock forage disaster program;
(19) emergency assistance for livestock, honey bees, and farm-raised fish; and
(20) the tree assistance program.
Authorizes FY2013 appropriations for:
(1) the rural microentrepreneur assistance program, and
(2) value-added agricultural product market development grants.
Amends the Federal Crop Insurance Act to reduce supplemental agricultural disaster assistance payment amounts.
Amends the Federal Agriculture Improvement and Reform Act of 1996 to authorize the Secretary to provide coverages based on individual yields (other than for value-loss crops) under the noninsured crop disaster assistance program equivalent to:
(1) catastrophic risk protection, or
(2) specified additional coverage.
Makes ferns and tropical fish ineligible for program participation.
Increases program service fees.
Makes additional program coverage available at 50% to 65% of established yield and 100% of average market price.
Reduces the premium for additional coverage by 50% for limited resource, beginning, and socially disadvantaged farmers.
Makes assistance available as soon as possible to producers with 2012 fruit crop losses in counties declared a disaster due to freeze or frost.
Amends the Balanced Budget and Emergency Deficit Control Act of 1985 to exempt from sequestration:
(1) programs and activities of CCC and the Federal Crop Insurance Corporation,
(2) agricultural programs and activities carried out under the Act of August 24, 1935, and
(3) all other Department of Agriculture (USDA) direct spending accounts.
Title III - Revenue Provisions
Amends the Internal Revenue Code to require an individual taxpayer whose adjusted gross income exceeds $1 million to pay a minimum income tax rate of 30% of the excess of the taxpayer's adjusted gross income over the taxpayer's modified charitable contribution deduction for the taxable year (tentative fair share tax).
Establishes the amount of such tax as the excess (if any) of the tentative fair share tax over the excess of:
(1) the sum of the taxpayer's regular tax liability, the alternative minimum tax (AMT) amount, and the payroll tax for the taxable year; over
(2) certain tax credits.
Requires an inflation adjustment to the $1 million income threshold for taxable years beginning after 2013.
Denies a tax deduction for specified outsourcing expenses.
Defines "specified outsourcing expense" to mean business-related expenses and fees incurred in connection with the elimination of any business unit of the taxpayer located within the United States and the establishment of such business unit outside the United States. Expands the definition of "crude oil" for purposes of the excise tax on crude oil and petroleum products to include crude oil condensates, natural gasoline, any bitumen or bituminous mixture, and any oil derived from a bitumen or bituminous mixture.
Modifies the definition of "domestic crude oil" to mean any crude oil produced in the United States (currently, any crude oil produced from a well located in the United States).

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Slip Laws

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United States Code

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Statutes at Large

The United States Statutes at Large is the compilation of all laws enacted by Congress.

  • 125 Stat. 584
  • 126 Stat. 1313
  • 126 Stat. 2313
  • 126 Stat. 2362