HR 5629
115th Congress
House
Agriculture and Food
Agricultural insurance
Agricultural marketing and promotion
Agricultural prices, subsidies, credit
Commodities markets
Fruit and vegetables
Horticulture and plants
Insurance industry and regulation
President Trump's Farm Bill Reforms Act of 2018
Introduced: April 26, 2018
Introduced by:
Norman, Ralph
Republican
· South Carolina
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 26, 2018
Referred to the House Committee on Agriculture.
Apr 26, 2018
Introduced in House
Plain-English summary
President Trump's Farm Bill Reforms Act of 2018
This bill modifies several Department of Agriculture (USDA) programs to reduce farm subsidies and revise eligibility requirements.
The bill includes provisions that:
- reduce crop insurance premium subsidies;
- eliminate the separate payment limitation for peanuts;
- terminate the use of commodity certificates to pay off marketing assistance loans;
- eliminate crop insurance premium subsidies and payments under conservation and commodity programs for farms with annual adjusted gross incomes that exceed $500,000;
- prohibit more than one person in a farming operation from qualifying as a farm manager actively engaged in farming for the purposes of receiving payments under USDA commodity programs; and
- limit the average rate of return for private insurance companies participating in the Federal Crop Insurance Program to 12% of retained premiums.
What's happening now
Referred to the House Committee on Agriculture.
Committees of jurisdiction
1
Cosponsors
1