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To reform the Federal Crop Insurance Act and reduce Federal spending on crop insurance.

USA115th CongressHR-2332| House 
| Updated: 5/19/2017
Ron Kind

Ron Kind

Democratic Representative

Wisconsin

Cosponsors (4)
F. James Sensenbrenner (Republican)Rosa L. DeLauro (Democratic)Jim Cooper (Democratic)Earl Blumenauer (Democratic)

Agriculture Committee, General Farm Commodities, Risk Management, and Credit Subcommittee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Assisting Family Farmers through Insurance Reform Measures Act or the AFFIRM Act This bill amends the Federal Crop Insurance Act to require the Department of Agriculture (USDA) to reduce federal crop insurance payments and disclose details regarding subsidies. The bill prohibits premium subsidies: (1) for additional coverage for any person or legal entity that has an average adjusted gross income that is greater than $250,000, (2) that exceed $40,000 per year for any person or legal entity, or (3) for policies that are based on the actual market price of an agricultural commodity at the time of harvest. The bill establishes an annual cap on total reimbursements for administrative and operating costs of crop insurance providers that begins at $900 million for 2018 and is adjusted for inflation in each subsequent year. The average rate of return for insurance providers is limited to 8.9% of retained premiums. The bill eliminates a requirement that any renegotiated Standard Insurance Agreement (SRA) be budget-neutral. (The SRA is an agreement between USDA and the private companies that administer the federal crop insurance program that specifies details such as administrative and operating expense reimbursements and risk sharing. Eliminating the budget neutrality requirement permits USDA to use the renegotiation of the SRA to achieve savings.) USDA must annually disclose to the public specified details regarding the recipients and amounts of federal crop insurance subsidies.
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Timeline
May 3, 2017

Latest Companion Bill Action

S 115-1025
Introduced in Senate
May 3, 2017
Introduced in House
May 3, 2017
Referred to the House Committee on Agriculture.
May 19, 2017
Referred to the Subcommittee on General Farm Commodities and Risk Management.
  • May 3, 2017

    Latest Companion Bill Action

    S 115-1025
    Introduced in Senate


  • May 3, 2017
    Introduced in House


  • May 3, 2017
    Referred to the House Committee on Agriculture.


  • May 19, 2017
    Referred to the Subcommittee on General Farm Commodities and Risk Management.

Agriculture and Food

Related Bills

  • S 115-1025: A bill to reform the Federal Crop Insurance Act and reduce Federal spending on crop insurance.
Agricultural insuranceAgricultural prices, subsidies, credit

To reform the Federal Crop Insurance Act and reduce Federal spending on crop insurance.

USA115th CongressHR-2332| House 
| Updated: 5/19/2017
Assisting Family Farmers through Insurance Reform Measures Act or the AFFIRM Act This bill amends the Federal Crop Insurance Act to require the Department of Agriculture (USDA) to reduce federal crop insurance payments and disclose details regarding subsidies. The bill prohibits premium subsidies: (1) for additional coverage for any person or legal entity that has an average adjusted gross income that is greater than $250,000, (2) that exceed $40,000 per year for any person or legal entity, or (3) for policies that are based on the actual market price of an agricultural commodity at the time of harvest. The bill establishes an annual cap on total reimbursements for administrative and operating costs of crop insurance providers that begins at $900 million for 2018 and is adjusted for inflation in each subsequent year. The average rate of return for insurance providers is limited to 8.9% of retained premiums. The bill eliminates a requirement that any renegotiated Standard Insurance Agreement (SRA) be budget-neutral. (The SRA is an agreement between USDA and the private companies that administer the federal crop insurance program that specifies details such as administrative and operating expense reimbursements and risk sharing. Eliminating the budget neutrality requirement permits USDA to use the renegotiation of the SRA to achieve savings.) USDA must annually disclose to the public specified details regarding the recipients and amounts of federal crop insurance subsidies.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 3, 2017

Latest Companion Bill Action

S 115-1025
Introduced in Senate
May 3, 2017
Introduced in House
May 3, 2017
Referred to the House Committee on Agriculture.
May 19, 2017
Referred to the Subcommittee on General Farm Commodities and Risk Management.
  • May 3, 2017

    Latest Companion Bill Action

    S 115-1025
    Introduced in Senate


  • May 3, 2017
    Introduced in House


  • May 3, 2017
    Referred to the House Committee on Agriculture.


  • May 19, 2017
    Referred to the Subcommittee on General Farm Commodities and Risk Management.
Ron Kind

Ron Kind

Democratic Representative

Wisconsin

Cosponsors (4)
F. James Sensenbrenner (Republican)Rosa L. DeLauro (Democratic)Jim Cooper (Democratic)Earl Blumenauer (Democratic)

Agriculture Committee, General Farm Commodities, Risk Management, and Credit Subcommittee

Agriculture and Food

Related Bills

  • S 115-1025: A bill to reform the Federal Crop Insurance Act and reduce Federal spending on crop insurance.
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Agricultural insuranceAgricultural prices, subsidies, credit