S. 2743 — Introduced in Senate

II 114th CONGRESS 2d Session S. 2743 IN THE SENATE OF THE UNITED STATES April 5, 2016 Mr. Grassley introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry A BILL To amend the Agricultural Act of 2014 to repeal a loophole for payment limitations. 1. Short title This Act may be cited as the Farm Payment Loophole Elimination Act of 2016. 2. Repeal (a) In general Section 1604 of the Agricultural Act of 2014 (7 U.S.C. 1308–1 note; Public Law 113–79) is amended— (1) by striking subsection (c); and (2) by redesignating subsections (d) through (g) as subsections (c) through (f), respectively. (b) Application The Secretary of Agriculture shall apply the amendments made by subsection (a) beginning with the 2017 crop year.