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Crop Insurance Transparency Act

USA118th CongressHR-5747| House 
| Updated: 1/17/2024
Earl Blumenauer

Earl Blumenauer

Democratic Representative

Oregon

Cosponsors (4)
Andrew Ogles (Republican)Andrea Salinas (Democratic)Nancy Mace (Republican)Ralph Norman (Republican)

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

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Crop Insurance Transparency Act This bill requires the Department of Agriculture (USDA) to publicly disclose specific information about farmers and insurance providers participating in the federal crop insurance program (FCIP). (The FCIP helps make insurance coverage available to farmers from private sector insurers to help mitigate potential financial consequences of adverse growing and market conditions.) Specifically, USDA must annually disclose information on an individual or entity that obtained a federally subsidized crop insurance, livestock, or forage policy or plan of insurance, including their name, the amount of the premium subsidy received, and the federal portion of indemnities paid toward insured losses. USDA must also annually disclose information on each private insurance provider participating in the FCIP, including their name, the underwriting gains earned by the provider through participation in the program, the amount paid to cover administrative and operating expenses, and the federal portion of indemnities and reinsurance costs. The bill excludes from the disclosure requirements information that is related to individuals and entities covered by a catastrophic risk protection plan. (These plans are the minimum level of coverage offered under the program.)
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Timeline
Sep 27, 2023
Introduced in House
Sep 27, 2023
Referred to the House Committee on Agriculture.
Jan 17, 2024
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
  • September 27, 2023
    Introduced in House


  • September 27, 2023
    Referred to the House Committee on Agriculture.


  • January 17, 2024
    Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

Agriculture and Food

Related Bills

  • S 118-5104: AFFIRM Act of 2024
  • HR 118-5698: Assisting Family Farmers through Insurance Reform Measures Act
Agricultural insuranceAgricultural prices, subsidies, creditGovernment information and archives

Crop Insurance Transparency Act

USA118th CongressHR-5747| House 
| Updated: 1/17/2024
Crop Insurance Transparency Act This bill requires the Department of Agriculture (USDA) to publicly disclose specific information about farmers and insurance providers participating in the federal crop insurance program (FCIP). (The FCIP helps make insurance coverage available to farmers from private sector insurers to help mitigate potential financial consequences of adverse growing and market conditions.) Specifically, USDA must annually disclose information on an individual or entity that obtained a federally subsidized crop insurance, livestock, or forage policy or plan of insurance, including their name, the amount of the premium subsidy received, and the federal portion of indemnities paid toward insured losses. USDA must also annually disclose information on each private insurance provider participating in the FCIP, including their name, the underwriting gains earned by the provider through participation in the program, the amount paid to cover administrative and operating expenses, and the federal portion of indemnities and reinsurance costs. The bill excludes from the disclosure requirements information that is related to individuals and entities covered by a catastrophic risk protection plan. (These plans are the minimum level of coverage offered under the program.)
View Full Text

Suggested Questions

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

Timeline
Sep 27, 2023
Introduced in House
Sep 27, 2023
Referred to the House Committee on Agriculture.
Jan 17, 2024
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
  • September 27, 2023
    Introduced in House


  • September 27, 2023
    Referred to the House Committee on Agriculture.


  • January 17, 2024
    Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Earl Blumenauer

Earl Blumenauer

Democratic Representative

Oregon

Cosponsors (4)
Andrew Ogles (Republican)Andrea Salinas (Democratic)Nancy Mace (Republican)Ralph Norman (Republican)

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

Agriculture and Food

Related Bills

  • S 118-5104: AFFIRM Act of 2024
  • HR 118-5698: Assisting Family Farmers through Insurance Reform Measures Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Agricultural insuranceAgricultural prices, subsidies, creditGovernment information and archives