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S 3701 111th Congress Senate Agriculture and Food Agricultural prices, subsidies, credit

Rural America Preservation Act of 2010

Introduced: August 4, 2010 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 4, 2010
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Aug 4, 2010
Introduced in Senate
 Plain-English summary Congressional Research Service

Rural America Preservation Act of 2010 - Amends the Food Security Act of 1985 to cap maximum annual direct and counter-cyclical payments to an individual (for covered commodities and peanuts) at $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 $75,000 for such payments. Doubles payment limitations for single farming operations. Limits an individual or a legal entity to a combined annual payment of $250,000.

Sets forth attribution of payment provisions for: (1) individuals; (2) legal entities; and (3) embedded legal entities.

Revises provisions respecting limitation of benefits to active farmers.

Makes a person who commits fraud in connection with a scheme or device to evade certain program limitations ineligible for farm benefits for six years.

Makes foreign individuals and foreign entities ineligible for agricultural program benefits.

What's happening now August 4, 2010

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

 Committees of jurisdiction 1