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S. 2096: Harvest Price Subsidy Prohibition Act

The text of the bill below is as of Nov 8, 2017 (Introduced).


II

115th CONGRESS

1st Session

S. 2096

IN THE SENATE OF THE UNITED STATES

November 8, 2017

(for himself and Mrs. Shaheen) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry

A BILL

To amend the Federal Crop Insurance Act to prohibit payments of premium subsidy for harvest price policies.

1.

Short title

This Act may be cited as the Harvest Price Subsidy Prohibition Act.

2.

Prohibition on premium subsidy for harvest price policies

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)

Prohibition on premium subsidy for harvest price policies

Notwithstanding any other provision of law, beginning with the 2018 reinsurance year, the Corporation shall not pay any amount of premium subsidy in the case of a policy or plan of insurance that is based on the actual market price of an agricultural commodity on the date of harvest.

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