,i #aaf? ,,congress #a/ ,session ,h4 ,r4 #dgfe ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,octob] #ah1 #bjai,mr4 ,mead[s introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,agriculture ,a ,,bill ,to am5d ! ,food ,security ,act ( #aihe to provide = c]ta9 paym5t limitations ) respect to commodity programs1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,f>m ,support ,integrity = ,family ,f>ms ,act4 #b4 ,paym5t limitations 7a7 ,9 g5]al ,section #ajja ( ! ,food ,security ,act ( #aihe 7#g ,u4,s4,c4 #acjh7 is am5d$-- 7#a7 9 subsection 7a71 by /rik+ p>agraph 7#c7 & ins]t+ ! foll[+3 7#c7 ,legal entity ,! t]m legal entity means-- 7,a7 an organization t 7subject to ! requirem5ts ( ?is section & section #ajja;,a7 is eligible to receive a paym5t "u a provision ( law ref]r$ to 9 subsection 7b7 or 7d72 & 7,b7 an association1 *>itable organization1 corporation1 e/ate1 g5]al p>tn]%ip1 irrevocable tru/ or grantor ( a revocable tru/1 jo9t /ock company1 limit$ p>tn]%ip1 limit$ liability company1 limit$ liability p>tn]%ip1 or o!r simil> entity 7z det]m9$ by ! ,secret>y74 2 7#b7 by /rik+ subsections 7b7 & 7c7 & ins]t+ ! foll[+3 7b7 ,limitation on paym5ts = cov]$ commodities & peanuts ,! total am\nt ( paym5ts receiv$1 directly or indirectly1 by a p]son or legal entity = any crop ye> = #a or m cov]$ commodities & peanuts "u title ,i ( ! ,agricultural ,act ( #bjad may n exce$ #abe1jjj1 ( :i* n m ?an #ej1jjj may consi/ ( paym5ts made "u sections #aaaf & #aaag ( su* ,act4 7c7 ,sp\sal equity 7#a7 ,9 g5]al ,not)/&+ subsection 7b71 except z provid$ 9 p>agraph 7#b71 if a p]son & ! sp\se ( ! p]son are cov]$ by p>agraph 7#b7 & receive1 directly or indirectly1 any paym5t or ga9 cov]$ by ?is section1 ! total am\nt ( paym5ts or ga9s 7z applicable7 cov]$ by ?is section t ! p]son & sp\se may jo9tly receive dur+ any crop ye> may n exce$ an am\nt equal to twice ! applicable doll> am\nts specifi$ 9 subsection 7b74 7#b7 ,exceptions 7,a7 ,sep>ate f>m+ op]ations ,9 ! case ( a m>ri$ c\ple 9 :i* ea* sp\se1 be=e ! m>riage1 0 sep>ately engag$ 9 an unrelat$ f>m+ op]ation1 ea* sp\se %all be treat$ z a sep>ate p]son ) respect to a f>m+ op]ation br\ght into ! m>riage by a sp\se1 subject to ! condition t ! f>m+ op]ation %all rema9 a sep>ate f>m+ op]ation1 z det]m9$ by ! ,secret>y4 7,b7 ,election to receive sep>ate paym5ts ,a m>ri$ c\ple may elect to receive paym5ts sep>ately 9 ! "n ( ea* sp\se if ! total am\nt ( paym5ts & b5efits describ$ 9 subsection 7b7 t ! m>ri$ c\ple receives1 directly or indirectly1 does n exce$ an am\nt equal to twice ! applicable doll> am\nts specifi$ 9 su* subsection4 2 7#c7 9 subsection 7e77#c7-- 7,a7 by /rik+ 7,a7 ,9 g5]al4--2 & 7,b7 by /rik+ subp>agraph 7,b72 7#d7 9 subsection 7f7-- 7,a7 9 p>agraph 7#c77;,b71 by add+ at ! end ! foll[+ new clause3 7iii7 ,legitimate entities ,9 promulgat+ regulations to def9e ! t]m #8legal entity' z ! t]m applies to irrevocable tru/s1 ! ,secret>y %all ensure t irrevocable tru/s are legitimate entities t h n be5 creat$ = ! purpose ( avoid+ a paym5t limitation4 2 & 7,b7 by /rik+ p>agraph 7#d7 & r$esignat+ p>agraphs 7#e71 7#f71 7#g71 & 7#h7 z p>agraphs 7#d71 7#e71 7#f71 & 7#g71 respectively2 & 7#e7 9 subsection 7h71 9 ! second s5t5ce1 by /rik+ or o!r entity & ins]t+ or legal entity4 7b7 ,con=m+ am5dm5ts 7#a7 ,section #ajja ( ! ,food ,security ,act ( #aihe 7#g ,u4,s4,c4 #acjh7 is am5d$-- 7,a7 9 subsection 7e77#a71 by /rik+ subsections 7b7 & 7c7 & ins]t+ subsection 7b72 7,b7 9 subsection 7f77#b71 by /rik+ ,subsections 7b7 & 7c7 & ins]t+ ,subsection 7b72 & 7,c7 9 subsection 7g7-- 7i7 9 p>agraph 7#a71 by /rik+ subsection 7b7 or 7c7 & ins]t+ subsection 7b72 & 7ii7 9 p>agraph 7#b77;,a71 by /rik+ subsections 7b7 & 7c7 & ins]t+ subsection 7b74 7#b7 ,section #ajja;,a ( ! ,food ,security ,act ( #aihe 7#g ,u4,s4,c4 #acjh-a7 is am5d$-- 7,a7 9 subsection 7a71 by /rik+ subsections 7b7 & 7c7 ( section #ajja & ins]t+ section #ajja7;b72 & 7,b7 9 subsection 7b77#a71 by /rik+ subsection 7b7 or 7c7 ( section #ajja & ins]t+ section #ajja7;b74 7#c7 ,section #ajja;,b7a7 ( ! ,food ,security ,act ( #aihe 7#g ,u4,s4,c4 #acjh-b7;a77 is am5d$ 9 ! matt] prec$+ p>agraph 7#a7 by /rik+ subsections 7b7 & 7c7 ( section #ajja & ins]t+ section #ajja7;b74 7c7 ,application ,! am5dm5ts made by ?is section %all apply beg9n+ ) ! #bjbj crop ye>4 #c4 ,paym5ts limit$ to active f>m]s ,section #ajja;,a ( ! ,food ,security ,act ( #aihe 7#g ,u4,s4,c4 #acjh-a7 is am5d$-- 7#a7 9 subsection 7b77#b7-- 7,a7 9 subp>agraph 7,a71 by /rik+ 7includ+ a p]son p>ticipat+ 9 a f>m+ op]ation z a p>tn] 9 a g5]al p>tn]%ip1 a p>ticipant 9 a jo9t v5ture1 a grantor ( a revocable tru/1 or a p>ticipant 9 a simil> entity1 z det]m9$ by ! ,secret>y72 7,b7 9 subp>agraph 7,a77i77,,ii71 by /rik+ or active p]sonal managem5t2 7,c7 9 subp>agraph 7,b7-- 7i7 9 clause 7ii71 by /rik+ or active p]sonal managem5t2 & 7ii7 9 clause 7iii71 by ins]t+ & aft] ! semicolon2 & 7,d7 by /rik+ subp>agraph 7,c7 & r$esignat+ subp>agraph 7,d7 z subp>agraph 7,c72 & 7#b7 9 subsection 7c7-- 7,a7 9 p>agraph 7#a7-- 7i7 by /rik+ subp>agraph 7,a7 & ins]t+ ! foll[+3 7,a7 ! l&[n] %>e-r5ts ! l& at a rate t is usual & cu/om>y or receives r5t or income bas$ on ! op]at+ results ( ! op]ation2 2 7ii7 9 subp>agraph 7,b71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7iii7 by add+ at ! end ! foll[+3 7,c7 ! %>e ( ! paym5ts receiv$ by ! l&[n] is comm5surate ) ! %>e ( ! crop or income receiv$ z r5t4 2 7,b7 9 p>agraph 7#b77;,a71 by /rik+ active p]sonal managem5t or2 7,c7 9 p>agraph 7#e7-- 7i7 by /rik+ 7#e7 & all t foll[s ?r\gh 7,a7 ,9 g5]al4--,a p]son & ins]t+ ! foll[+3 7#e7 ,cu/om f>m+ s]vices ,a p]son 2 7ii7 by ins]t+ "u usual & cu/om>y t]ms aft] s]vices2 & 7iii7 by /rik+ subp>agraph 7,b72 & 7,d7 by add+ at ! end ! foll[+3 7#g7 ,f>m manag]s ,a p]son :o o!rwise meets ! requirem5ts ( ?is subsection o!r ?an 7b77#b77;,a77i77,,ii7 %all be consid]$ to be actively engag$ 9 f>m+1 z det]m9$ by ! ,secret>y1 ) respect to ! f>m+ op]ation1 includ+ a f>m+ op]ation t is a sole proprietor%ip1 a legal entity su* z a jo9t v5ture or g5]al p>tn]%ip1 or a legal entity su* z a corporation or limit$ p>tn]%ip1 if ! p]son-- 7,a7 makes a significant contribution ( managem5t to ! f>m+ op]ation t-- 7i7 is critical to ! pr(itability ( ! f>m+ op]ation2 7ii7 is p]=m$ on a regul>1 cont9u\s1 & sub/antial basis2 & 7iii7 equals at lea/ #ebj h\rs annually1 or at lea/ #be p]c5t ( ! total managem5t h\rs requir$ = ! f>m+ op]ation on an annual basis1 z det]m9$ by ! ,secret>y2 7,b7 7i7 is ! only p]son 9 ! f>m+ op]ation qualify+ z actively engag$ 9 f>m+ by us+ ! f>m manag] special class designation "u ?is p>agraph2 & 7ii7 toge!r ) any o!r p]sons 9 ! f>m+ op]ation qualify+ z actively engag$ 9 f>m+ "u subsection 7b77#b7 or z "p ( a special class "u ?is subsection1 does n collectively receive1 directly or indirectly1 an am\nt equal to m ?an ! applicable limits "u section #ajja7;b72 7,c7 does n use ! managem5t contribution "u ?is p>agraph to qualify z actively engag$ 9 m ?an #a f>m+ op]ation2 & 7,d7 manages a f>m op]ation t does n sub/antially %>e equipm5t1 labor1 or managem5t ) p]sons or legal entities t ) ! p]son collectively receive1 directly or indirectly1 an am\nt equal to m ?an ! applicable limits "u section #ajja7;b74 4 #d4 ,repeal ( c]ta9 regulations 7a7 ,9 g5]al ,section #afjd ( ! ,agricultural ,act ( #bjad 7#g ,u4,s4,c4 #acjh-a note7 is repeal$4 7b7 ,regulations ,! ,secret>y ( ,agriculture %all issue or revise su* regulations z may be necess>y to implem5t ! am5dm5ts made by sections #b & #c4