S. 2167 (110th): Farm Savings Account Act of 2007

Introduced:

Oct 16, 2007
110th Congress, 2007–2009

Status:
Died in a previous Congress

This bill was introduced on October 16, 2007, in a previous session of Congress, but was not enacted.

Sponsor:

Jefferson “Jeff” Sessions

Senator from Alabama

Republican

Text:

Read Text »
Last Updated: Oct 16, 2007
Length: 20 pages

About the bill

Full Title

A bill to amend the Internal Revenue Code of 1986 to authorize agricultural producers to establish and contribute to tax-exempt farm savings accounts in lieu of obtaining federally subsidized crop insurance or noninsured crop assistance, to provide for contributions to such accounts by the Secretary of Agriculture, to specify the situations in which amounts may be paid to producers from such accounts, and to limit the total amount of such distributions to a producer during a taxable year, and for other purposes.

The bill’s titles are written by its sponsor.

Read CRS Summary >

History

Oct 16, 2007
 
Introduced

This is the first step in the legislative process.

This page is about a bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Links & tools

Primary Source

Congress.gov

Congress.gov is updated generally one day after events occur. Legislative activity since the last update may not be reflected on GovTrack. Data via congress project.

Citation

Click a format for a citation suggestion: