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H.R. 627 107th Congress House

Rural American Prosperity Act of 2001

Official title: To provide tax and regulatory relief for farmers and to improve the competitiveness of American agricultural commodities and products in global markets.

Introduced: February 14, 2001 See on congress.gov
Agriculture and Food Administrative procedureAgricultural biotechnologyAgricultural innovationsAgricultural production
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Agricultural subsidiesAgriculture in foreign tradeAmerican investmentsAnimalsAntidumpingBarterBusiness income taxCapital gains taxChild laborChileCivil Rights and Liberties, Minority IssuesCommerceCompensation (Law)CongressCongress and foreign policyCongressional investigationsCongressional oversightCongressional reporting requirementsCongressional vetoCongressional-Presidential relationsCongressional-executive relationsConservation easementsConsumer protectionCost of living adjustmentsCountervailing dutiesDeveloping countriesDispute settlementDumpingEconomic growthEconomic impact statementsEconomics and Public FinanceEmployee rightsEnvironmental ProtectionEstate taxExcise taxExpedited congressional procedureExport subsidiesExportsExpropriationFamiliesFamily farmsFarm incomeFarm landsFarmersFederal advisory bodiesFinance and Financial SectorFinancial servicesFinancial statementsFood reliefFood safetyForeign Trade and International FinanceForeign investmentsForeign trade promotionForestryFree tradeFull employment policiesGift taxGovernment Operations and PoliticsGovernment paperworkHealthHealth insuranceHouse rules and procedureHuman rightsImport reliefIncome taxIndexing (Economic policy)Information technologyInheritance taxInsurance premiumsIntellectual propertyInternational AffairsInternational competitivenessInternational labor activitiesLabor and EmploymentLatin AmericaLawLegislationLegislative resolutionsLivestockMedical economicsMinimum taxNational forestsNontariff trade barriersOccupational health and safetyPersonal income taxPresident and foreign policyPublic Lands and Natural ResourcesReal estate appraisalReciprocityRegulatory impact statementsRestrictive trade practicesSanctions (International law)Science, Technology, CommunicationsSelf-employedSenate rules and procedureService industriesStandard of livingTariffTariff agreementsTax administrationTax creditsTax cutsTax deductionsTax deferralTax exclusionTax exemptionTax penaltiesTax ratesTax returnsTaxationTechnological innovationsTrade agreementsTrade negotiationsTrusts and trusteesValuationWilderness areas
This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 13, 2001
See H.R.1836.
May 15, 2001
Executive Comment Requested from USDA.
Mar 6, 2001
Referred to the Subcommittee on Government Efficiency, Financial Management and Intergovernmental Relations.
Feb 14, 2001
Referred to the Committee on Ways and Means, and in addition to the Committees on Agriculture, Rules, and Government Reform, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Feb 14, 2001
Introduced in House
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 Latest action August 13, 2001

See H.R.1836.

 Plain-English summary Congressional Research Service
Rural America Prosperity Act of 2001 - Amends the Internal Revenue Code to make revisions concerning both farmers and non-farmers.

Provides for, with respect to all taxpayers, among other things: (1) the repeal of the estate, gift, and generation-skipping taxes; and (2) the deduction of 100 percent of health insurance costs for the self-employed.

Provides for, with respect to farmers, among other things: (1) the limited exclusion of the gain from the sale of qualified farmland; and (2) a limited deduction for contributions to a Farm and Ranch Risk Management Account.

Provides for a study of the costs of regulations on farmers, ranchers, and foresters.

Reciprocal Trade Agreement Authorities Act of 2000 - Authorizes the President, whenever the President determines that one or more existing duties or other import restrictions of any foreign country or the United States are unduly burdening and restricting the foreign trade of the United States to enter into trade agreements with foreign countries (during a limited time period) which, among other things: (1) create more open, equitable, and reciprocal market access; (2) reduce or eliminate trade barriers that decrease market opportunities for U.S. exports; (3) expand market opportunities for U.S. exports; (4) obtain reciprocal tariff and non-tariff barrier elimination; and (5) free the transfer of funds relating to investments.

Agricultural Trade Freedom Act - Amends the Agricultural trade Act of 1978 to exempt, subject to specified exceptions, agricultural commodities made available as a result of commercial sales from a unilateral trade sanction imposed by the United States on another country.

 Related & companion bills 1
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 5
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APA
U.S. Congress. (2026). H.R. 627: Rural American Prosperity Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-627/
MLA
"H.R. 627: Rural American Prosperity Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-627/.
Bluebook (legal)
H.R. 627, 107th Cong. (2026), https://openamerica.io/bill/107-HR-627/.
Markdown link
[H.R. 627: Rural American Prosperity Act of 2001](https://openamerica.io/bill/107-HR-627/)
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