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S 1666 106th Congress Senate Agriculture and Food Administrative procedure Agricultural credit Agricultural diversification Agricultural education Agricultural subsidies Auditing Commerce Computers and government Congress Congressional reporting requirements Crop insurance Disaster relief Education Emergency Management Federal Crop Insurance Corporation Fees Finance and Financial Sector Fines (Penalties) Fraud

Farmers' Risk Management Act of 1999

Introduced: September 29, 1999 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 14, 1999
Committee on Agriculture. Hearings held.
Sep 29, 1999
Read twice and referred to the Committee on Agriculture.
Sep 29, 1999
Sponsor introductory remarks on measure. (CR S11645-11647)
Sep 29, 1999
Introduced in Senate
 Plain-English summary Congressional Research Service
Farmers' Risk Management Act of 1999 - Title I: Risk Management Payments - Directs the Secretary of Agriculture to offer to enter into risk management contracts with crop insurance-eligible producers for crop years 2001 through 2004 who agree to use at least two risk management practices, including: (1) obtaining crop insurance; (2) entering into a future or option commodity contract; (3) crop diversification; (4) obtaining an agricultural trade option; and (5) farm debt reduction.

Bases payments on historical or assigned yields, commodity prices, and a payment rate determined by the Secretary.

Sets forth administrative and operating provisions. Terminates the program as of September 30, 2004.

Title II: Crop Insurance - Amends the Federal Crop Insurance Act to revise crop insurance program compliance and penalty provisions. Subjects: (1) insurance agents, adjusters, and providers to specified civil money penalties and program suspensions for intentionally providing false information or failing to comply with specified standards; and (2) producers to such sanctions for intentionally providing false information.

(Sec. 202) Directs the Federal Crop Insurance Corporation to develop loss adjustment oversight procedures.

(Sec. 203) Extends the revenue insurance pilot program.

(Sec. 204) Provides for the reduction of underwriting gains and losses from catastrophic risk protection.

(Sec. 205) Directs the Corporation to conduct a whole farm revenue insurance pilot program under which commodity or livestock producers may obtain insurance for a guaranteed revenue level. Sets forth program provisions.

(Sec. 206) Directs the Corporation to establish a pilot program to encourage approved insurance providers to develop innovative risk management products with competitive rate premiums. Sets forth program provisions.

(Sec. 207) Prohibits insurance purchases for more than one crop for the same acreage during a crop year unless there is an established area history of double-cropping.

Title III: Regulations - Sets forth implementing provisions.

What's happening now October 14, 1999

Committee on Agriculture. Hearings held.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1