,i #aaeth ,,congress #b;d ,session ,h4 ,r4 #efbi ,,in ,,the ,,house ,,of ,,representatives ,april #bf1 #bjah,mr4 ,norman 7for himself and ,mr4 ,gosar7 introduced the following bill2 which was referred to the ,committee on ,agriculture ,a ,,bill ,to amend the ,federal ,crop ,insurance ,act and ,food ,security ,act of #aihe to enact reforms to farm subsidies and crop insurance called for in ,president ,trump's budget for fiscal year #bjai4 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the ,president ,trump's ,farm ,bill ,reforms ,act of #bjah4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title2 table of contents4 ,title ,i--,reducing ,farm ,subsidy ,payments ,sec4 #aja4 ,reduction of premium subsidies4 ,sec4 #ajb4 ,reduction of stacked income protection plan for producers of upland cotton4 ,sec4 #ajc4 ,elimination of separate payment limitation for peanuts4 ,sec4 #ajd4 ,terminating use of commodity certificates to pay off marketing assistance loans4 ,title ,,ii--,eligibility ,requirements for ,farm ,subsidy ,payments ,sec4 #bja4 ,adjusted gross income limits for crop insurance premium subsidies4 ,sec4 #bjb4 ,adjusted gross income limits for commodity and conservation programs4 ,sec4 #bjc4 ,payments limited to active farmers4 ,title ,,iii--,target ,rate of ,return for ,insurance ,companies ,sec4 #cja4 ,reducing target rate of return for insurance companies4 ,i ,reducing ,farm ,subsidy ,payments #aja4 ,reduction of premium subsidies ,section #ejh7;e7 of the ,federal ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejh7;e77 is amended-- 7#a7 in paragraph 7#b7-- 7,a7 in subparagraph 7,b77i71 by striking #fg percent and inserting #eb percent2 7,b7 in subparagraph 7,c77i71 by striking #fd percent and inserting #di percent2 7,c7 in subparagraph 7,d77i71 by striking #ei percent and inserting #dd percent2 7,d7 in subparagraph 7,e77i71 by striking #ee percent and inserting #dj percent2 7,e7 in subparagraph 7,f77i71 by striking #dh percent and inserting #cc percent2 7,f7 in subparagraph 7,g77i71 by striking #ch percent and inserting #bc percent2 and 7,g7 in subparagraph 7,h77i71 by striking #fe percent and inserting #ej percent2 7#b7 in paragraph 7#f7-- 7,a7 in subparagraph 7,a77i71 by striking #ei percent and inserting #dd percent2 7,b7 in subparagraph 7,b77i71 by striking #ee percent and inserting #dj percent2 7,c7 in subparagraph 7,c77i71 by striking #di percent and inserting #cd percent2 and 7,d7 in subparagraph 7,d77i71 by striking #dd percent and inserting #bi percent2 and 7#c7 in paragraph 7#g7-- 7,a7 in subparagraph 7,a77i71 by striking #ei percent and inserting #dd percent2 7,b7 in subparagraph 7,b77i71 by striking #ee percent and inserting #dj percent2 and 7,c7 in subparagraph 7,c77i71 by striking #ea percent and inserting #cf percent4 #ajb4 ,reduction of stacked income protection plan for producers of upland cotton ,section #ejh;,b7d77#a7 of the ,agricultural ,adjustment ,act of #aich 7#g ,u4,s4,c4 #aejh;b7d77#a77 is amended by striking #hj percent and inserting #fe percent4 #ajc4 ,elimination of separate payment limitation for peanuts 7a7 ,uniform payment limitations for covered commodities 7#a7 ,in general ,section #ajja7;b7 of the ,food ,security ,act of #aihe 7#g ,u4,s4,c4 #acjh7;b77 is amended-- 7,a7 in the subsection heading by striking 7,,other ,,than ,,peanuts72 and 7,b7 by striking 7other than for peanuts72 and 7#b7 ,payment limitation for peanuts ,section #ajja7;c7 of the ,food ,security ,act of #aihe 7#g ,u4,s4,c4 #acjh7;c77 is repealed4 7b7 ,conforming amendments ,title ,x of the ,food ,security ,act of #aihe is amended-- 7#a7 in section #ajja 7#g ,u4,s4,c4 #acjh7-- 7,a7 by striking subsections 7b7 and 7c7 each place it appears and inserting subsection 7b72 7,b7 in subsection 7f77#b71 by striking ,subsections 7b7 and 7c7 and inserting ,subsection 7b72 7,c7 by striking subsection 7b7 or 7c7 both places it appears and inserting subsection 7b72 7,d7 in subsection 7f77#e77;,b71 by striking subsection 7b71 7c71 or 7d7 and inserting subsection 7b7 or 7d72 and 7,e7 in subsection 7f77#f77;,b71 by striking subsections 7b71 7c71 and 7d7 and inserting subsections 7b7 and 7d72 7#b7 in section #ajja;,a 7#g ,u4,s4,c4 #acjh-a7-- 7,a7 in subsection 7a71 by striking subsections 7b7 and 7c7 and inserting subsection 7b72 and 7,b7 in subsection 7b77#a71 by striking subsection 7b7 or 7c7 and inserting subsection 7b72 and 7#c7 in section #ajja;,b7a7 7#g ,u4,s4,c4 #acjh-b7;a771 by striking subsections 7b7 and 7c7 and inserting subsection 7b74 7c7 ,applicability ,the amendments made by this section shall apply beginning with the #bjai crop year4 #ajd4 ,terminating use of commodity certificates to pay off marketing assistance loans 7a7 ,terminating use of commodity certificates ,subtitle ,g of the ,federal ,agriculture ,improvement and ,reform ,act of #aiif 7#g ,u4,s4,c4 #gbhf7;c77#c77 is amended-- 7#a7 by striking section #aff2 and 7#b7 by redesignating section #afg as section #aff4 7b7 ,applicability ,the amendments made by this section shall apply beginning with the #bjai crop year4 ,,ii ,eligibility ,requirements for ,farm ,subsidy ,payments #bja4 ,adjusted gross income limits for crop insurance premium subsidies ,section #ejh7;e7 of the ,federal ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejh7;e771 as amended by section #aja1 is further amended by adding at the end the following new paragraph3 7#aj7 ,adjusted gross income limitation ,a producer shall not be eligible to obtain premium assistance for a crop year under this subsection if the average adjusted gross income 7as defined in section #ajja;,d of the ,food ,security ,act of #aihe 7#g ,u4,s4,c4 #acjh-c;a77 of such producer exceeds #ejj1jjj for the preceding crop year4 4 #bjb4 ,adjusted gross income limits for commodity and conservation programs ,section #ajja;,d7b77#a7 of the ,food ,security ,act of #aihe 7#g ,u4,s4,c4 #acjh-c;a7b77#a77 is amended by striking #ijj1jjj and inserting #ejj1jjj4 #bjc4 ,payments limited to active farmers ,section #ajja;,a7b7 of the ,food ,security ,act of #aihe 7#g ,u4,s4,c4 #acjh-a7 is amended by adding the following new paragraph3 7#c7 ,limitation ,with respect to a farming operation1 no more than one person shall qualify as a farm manager actively engaged in farming for purposes of receiving a payment described in subsection 7b7 or 7c7 of section #ajja4 4 ,,iii ,target ,rate of ,return for ,insurance ,companies #cja4 ,reducing target rate of return for insurance companies ,section #ejh7k77#c7 of the ,federal ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejh7k77#c77 is amended-- 7#a7 by striking 7#c7 ,share of risk4--,the and inserting the following3 7#c7 ,risk 7,a7 ,share of risk ,the 2 and 7#b7 by adding at the end the following3 7,b7 ,limitation on average rate of return ,the target average rate of return for reinsured companies for the #bjah reinsurance year and each subsequent reinsurance year shall be #ab percent of retained premiums4 4