US HB1995 | 2013-2014 | 113th Congress

Status

Sponsorship: Moderate Partisan Bill (Democrat 16-3)
Status: Introduced on May 15 2013 - 25% progression, died in committee
Action: 2013-05-22 - Referred to the Subcommittee on General Farm Commodities and Risk Management.
Pending: House Subcommittee on General Farm Commodities and Risk Management Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Assisting Family Farmers through Insurance Reform Measures Act or AFFIRM Act - Amends the Federal Crop Insurance Act to prohibit the Federal Crop Insurance Corporation (FCIC) from paying a part of the crop insurance premium for additional coverage for any person or legal entity that has an average adjusted gross income in excess of $250,000. Caps: (1) the rate of return for all crop insurance providers combined for the 2013 and subsequent reinsurance years at 12% of retained premium, and (2) total reimbursements for administrative and operating costs for the 2013 insurance year for all types of policies and plans of insurance at $900 million. Requires that any renegotiated Standard Reinsurance Agreement, when compared to the immediately preceding Agreement, shall reduce FCIC obligations. Requires annual disclosure to the public of specified crop insurance premium subsidy information.

Tracking Information

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Title

AFFIRM Act

Sponsors


History

DateChamberAction
2013-05-22HouseReferred to the Subcommittee on General Farm Commodities and Risk Management.
2013-05-15HouseReferred to the House Committee on Agriculture.

Same As/Similar To

HB2121 (Related) 2013-06-03 - Referred to the Subcommittee on General Farm Commodities and Risk Management.

Subjects


US Congress State Sources


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