S 667
108th Congress
Senate
Agriculture and Food
Administrative procedure
Agricultural credit
Agricultural subsidies
Congress
Congressional oversight
Department of Agriculture
Economics and Public Finance
Family farms
Finance and Financial Sector
Government lending
Law
Marketing of farm produce
A bill to amend the Food Security Act of 1985 to strengthen payment limitations for commodity payments and benefits.
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 19, 2003
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S4017-4018)
Mar 19, 2003
Sponsor introductory remarks on measure. (CR S4017)
Mar 19, 2003
Introduced in Senate
Plain-English summary
Amends the Food Security Act of 1985 to reduce maximum annual direct and counter-cyclical commodity payments to $20,000 and $30,000, respectively. Revises limitation provisions for marketing loan gains, loan deficiency payments, and commodity certificate transactions, and establishes an annual combined limitation of $87,500 for such payments.
Doubles payment limitations for single farming operations. Limits an individual to a combined annual payment of $275,000.
What's happening now
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S4017-4018)
Committees of jurisdiction
1