H. R. 6270
IN THE HOUSE OF REPRESENTATIVES
August 1, 2012
Ms. Speier introduced the following bill; which was referred to the Committee on Agriculture
To amend the Federal Crop Insurance Act to require annual disclosure of crop insurance premium subsidies in the public interest.
This Act may be cited as the
Crop Insurance Subsidy Transparency Act of
Annual disclosure of crop insurance premium subsidies in the public interest
Section 502(c)(2) of the Federal Crop Insurance Act (7 U.S.C. 1502(c)(2)) is amended—
by redesignating subparagraphs (A) and (B) as subparagraphs (C) and (D) respectively; and
by inserting before subparagraph (C) (as so redesignated) the following:
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—
the name of each individual or entity who obtained a federally subsidized crop insurance, livestock, or forage policy or plan of insurance during the previous fiscal year;
the amount of premium subsidy received by the individual or entity from the Corporation; and
the amount of any Federal portion of indemnities paid in the event of a loss during that fiscal year for each policy associated with that individual or entity; and
for each private insurance provider, by name—
the underwriting gains earned through participation in the federally subsidized crop insurance program; and
the amount paid under this subtitle for—
administrative and operating expenses;
any Federal portion of indemnities and reinsurance; and
any other purpose.
The Secretary shall not disclose information pertaining to individuals and entities covered by a catastrophic risk protection plan offered under section 508(b).