H.R. 2730 — Introduced in House

I 115th CONGRESS 1st Session H. R. 2730 IN THE HOUSE OF REPRESENTATIVES May 25, 2017Mr. Russell introduced the following bill; which was referred to the Committee on Agriculture A BILL To amend the Federal Crop Insurance Act to eliminate premium subsidies for crop insurance for tobacco. 1. Short title This Act may be cited as the End Subsidies for Tobacco Act. 2. Prohibition on payment of portion of premium by corporation for tobacco Section 508(e) of the Federal Crop Insurance Act (7 U.S.C. 1508(e)) is amended by adding at the end the following: (9) Prohibition on payment of portion of premium by corporation for tobacco (A) In general Effective beginning with the 2018 reinsurance year, notwithstanding any other provision of this subtitle, the Corporation shall not pay any portion of the premium for a policy or plan of insurance for tobacco under this subtitle. (B) Deficit reduction Any savings realized as a result of subparagraph (A) shall be deposited in the Treasury and used for Federal budget deficit reduction. .