H.R. 5634 — Introduced in House

I 113th CONGRESS 2d Session H. R. 5634 IN THE HOUSE OF REPRESENTATIVES September 18, 2014 Mr. Peters of California introduced the following bill; which was referred to the Committee on Agriculture A BILL To amend the Federal Crop Insurance Act to require the public disclosure of crop insurance premium subsidies made on behalf of Members of Congress and their immediate families, Cabinet Secretaries and their immediate families, and entities of which any such individual or combination of such individuals is a majority shareholder, and to require the public disclosure of the underwriting gains earned by private insurance provider and the business expenses covered by the Federal Government. 1. Short title This Act may be cited as the Stop Hiding Congressional Farm Subsidies Act. 2. Disclosure of crop insurance premium subsidies made on behalf of Members of Congress and certain other individuals and entities Section 502(c) of the Federal Crop Insurance Act (7 U.S.C. 1502(c)) is amended by adding at the end the following new paragraphs: (5) Disclosure of crop insurance premium subsidies made on behalf of Members of Congress and Cabinet Secretaries (A) Disclosure required Notwithstanding paragraph (1) or any other provision of law, the Secretary shall make available to the public, on an annual basis— (i) the name of each individual or entity specified in subparagraph (B) who obtained a federally subsidized crop insurance, livestock, or forage policy or plan of insurance (other than a catastrophic risk protection plan offered under section 508(b)) during the previous fiscal year; (ii) the amount of premium subsidy received by that individual or entity from the Corporation for such policy or plan of insurance; and (iii) the amount of any Federal portion of indemnities paid in the event of a loss during that fiscal year for policy or plan of insurance. (B) Covered individuals Subparagraph (A) applies with respect to the following: (i) Members of Congress and their immediate families. (ii) Cabinet Secretaries and their immediate families. (iii) Entities of which any individual described in clause (i) or (ii), or a combination of such individuals, is a majority shareholder. (6) Disclosure of benefits for private insurance providers Notwithstanding paragraph (1) or any other provision of law, the Secretary shall make available to the public, on an annual basis, regarding each private insurance provider, by name— (A) the underwriting gains earned through participation in the federally subsidized crop insurance program; and (B) the amount paid under this subtitle for administrative and operating expenses, any Federal portion of indemnities and reinsurance, and any other purpose. .