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


Oct 16, 2007
110th Congress, 2007–2009

Died in a previous Congress

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


Jefferson “Jeff” Sessions

Senator from Alabama



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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.

Summary (CRS)

Farm Savings Account Act of 2007 - Amends the Internal Revenue Code to:(1) establish tax-exempt farm savings accounts to allow taxpayers engaged in the business of farming or ranching to ... Read more >

The bill’s title was written by its sponsor.


Oct 16, 2007

This is the first step in the legislative process.

This is a Senate bill in the United States Congress (indicated by the “S.” in “S. 2167”). A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.


Committee Assignments

The committee chair determines whether a bill will move past the committee stage.


There have been no roll call votes related to this bill.

Related Bills

Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.

H.R. 1882 (Related)
Farm Risk Management Act of 2007

Referred to Committee
Last Action: Apr 17, 2007

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Primary Source

THOMAS.gov (The Library of Congress)

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