,i #aah? ,,congress #a/ ,session ,h4 ,r4 #efih ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,septemb] #bf1 #bjbc,mr4 ,blum5au] introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,agriculture ,a ,,bill ,to am5d ! ,f$]al ,crop ,insurance ,act to r$uce ,f$]al sp5d+ on crop insurance1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,assi/+ ,family ,f>m]s ?r\gh ,insurance ,re=m ,measures ,act or ! ,,affirm ,act4 #b4 ,crop insurance premium subsidies disclosure 9 ! public int]e/ ,section #ejb7;c77#b7 ( ! ,f$]al ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejb7;c77#b77 is am5d$-- 7#a7 by r$esignat+ subp>agraphs 7,a7 & 7,b7 z subp>agraphs 7,c7 & 7,d71 respectively2 & 7#b7 by ins]t+ be=e subp>agraph 7,c7 7z s r$esignat$7 ! foll[+3 7,a7 ,disclosure 9 ! public int]e/ ,not)/&+ p>agraph 7#a7 or any o!r provision ( law1 except z provid$ 9 subp>agraph 7,b71 ! ,secret>y %all on an annual basis make available to ! public-- 7i7 7,i7 ! "n ( ea* individual or entity t obta9$ a f$]ally subsidiz$ crop insurance1 live/ock1 or =age policy or plan ( insurance dur+ ! previ\s re9surance ye>2 7,,ii7 ! am\nt ( premium subsidy receiv$ by ! individual or entity f ! ,corporation2 & 7,,iii7 ! am\nt ( any ,f$]al portion ( indemnities paid 9 ! ev5t ( a loss = t re9surance ye> = ea* policy associat$ ) t individual or entity2 & 7ii7 = ea* private insurance provid]1 a description by ! "n ( ! private insurance provid] (-- 7,i7 ! und]writ+ ga9s e>n$ ?r\gh p>ticipation 9 ! f$]ally subsidiz$ crop insurance program2 & 7,,ii7 ! am\nt paid "u ?is subtitle =-- 7aa7 adm9i/rative & op]at+ exp5ses2 7bb7 any ,f$]al portion ( indemnities & re9surance2 & 7cc7 any o!r purpose4 7,b7 ,limitation ,! ,secret>y %all n disclose "u subp>agraph 7,a7 in=mation relat+ to individuals & entities cov]$ by a cata/rophic risk protection plan (f]$ "u section #ejh7;b74 4 #c4 ,adju/$ gross income & p] p]son limitations on %>e ( insurance premiums paid by corporation ,section #ejh7;e77#a7 ( ! ,f$]al ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejh7;e77#a77 is am5d$-- 7#a7 by /rik+ ,= ! purpose & ins]t+ ! foll[+3 7,a7 ,paym5t au?ority ,subject to subp>agraphs 7,b7 & 7,c71 = ! purpose 2 & 7#b7 by add+ at ! end ! foll[+3 7,b7 ,adju/$ gross income limitation ,! ,corporation %all n pay a "p ( ! premium = additional cov]age = any p]son or legal entity t has an av]age adju/$ gross income 7z def9$ 9 section #ajja;,d7a7 ( ! ,food ,security ,act ( #aihe 7#g ,u4,s4,c4 #acjh-c;a7a777 t is great] ?an #bej1jjj4 7,c7 ,p] p]son limitation ,! ,corporation %all n pay m ?an #abe1jjj = any re9surance ye> to any p]son or legal entity = premiums "u ?is section4 4 #d4 ,prohibition on premium subsidy = h>ve/ price policies ,section #ejh7;e7 ( ! ,f$]al ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejh7;e77 is am5d$ by add+ at ! end ! foll[+3 7#i7 ,prohibition on premium subsidy = h>ve/ price policies ,not)/&+ any o!r provision ( law1 beg9n+ ) ! #bjbc re9surance ye>1 ! ,corporation %all n pay any am\nt ( premium subsidy 9 ! case ( a policy or plan ( insurance t is bas$ on ! actual m>ket price ( an agricultural commodity on ! date ( h>ve/4 4 #e4 ,prohibition on premium subsidy = produc]s n engag$ 9 active p]sonal labor or active p]sonal managem5t ,section #ejh7;e7 ( ! ,f$]al ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejh7;e771 z am5d$ by section #d1 is fur!r am5d$ by add+ at ! end ! foll[+3 7#aj7 ,prohibition on premium subsidy = produc]s n engag$ 9 active p]sonal labor active p]sonal managem5t 7,a7 ,9 g5]al ,not)/&+ any o!r provision ( law1 beg9n+ ) ! #bjbc re9surance ye>1 ! ,corporation %all n pay any am\nt ( premium subsidy to a produc] t is n engag$ 9 active p]sonal labor or active p]sonal managem5t ) respect to ! f>m+ op]ation pursuant to :i* su* subsidy w\ld apply4 7,b7 ,def9itions ,9 ?is p>agraph3 7i7 ,active p]sonal labor ,! t]m active p]sonal labor means1 ) respect to a produc]1 physical labor & activities p]sonally p]=m$ by ! produc] on a f>m+ op]ation-- 7,i7 t-- 7aa7 are necess>y to su* f>m+ op]ation1 includ+ l& prep>ation1 plant+1 cultivat+1 h>ve/+ & m>ket+ ( agricultural commodities2 7bb7 e/abli% or ma9ta9 cons]v+ cov] crops or cons]v+ use acreages2 or 7cc7 are requir$ = live/ock op]ations2 & 7,,ii7 =1 ) respect to a crop ye>1 a p]iod ( at lea/-- 7aa7 #a1jjj h\rs2 or 7bb7 #ej p]c5t ( ! total h\rs t w\ld be requir$ to conduct a f>m+ op]ation comp>able 9 size to ! produc]'s %>e 9 ! f>m+ op]ation1 z det]m9$ by ! ,corporation4 7ii7 ,active p]sonal managem5t ,! t]m active p]sonal managem5t means managem5t activities p]sonally p]=m$ on a f>m+ op]ation-- 7,i7 by a p]son ) a direct or indirect own]%ip int]e/ 9 t f>m+ op]ation2 7,,ii7 on a regul> cont9u\s1 & sub/antial basis2 & 7,,iii7 =1 ) respect to a crop ye>1 a p]iod ( at lea/-- 7aa7 #ejj h\rs2 or 7bb7 #ej p]c5t ( ! total managem5t h\rs requir$ = t f>m+ op]ation on an annual basis1 z det]m9$ by ! ,corporation4 4 #f4 ,maximum am\nt ( additional prev5t$ plant+ cov]age ,section #ejh7;h77#f7 ( ! ,agricultural ,adju/m5t ,act ( #aich 7#g ,u4,s4,c4 #aejh7;h77#f77 is am5d$ by add+ at ! end ! foll[+3 7,d7 ,maximum am\nt ( cov]age ,a crop loss ( a produc] may only be cov]$ by ! additional prev5t$ plant+ cov]age if1 dur+ ! #c-ye> p]iod prec$+ su* loss1 su* produc] _h less ?an or equal to #b crop losses cov]$ by ! additional prev5t$ plant+ cov]age4 4 #g4 ,premium r$uction ,section #ejh7;i7 ( ! ,agricultural ,adju/m5t ,act ( #aich 7#g ,u4,s4,c4 #aejh7;i77 is am5d$ by add+ at ! end ! foll[+3 7#e7 ,premium r$uction ,if ! ,corporation makes a det]m9ation t a produc] has receiv$ #c or m indemnities "u a plan ( insurance = ! same type ( loss dur+ a #d-ye> p]iod1 ! ,corporation %all1 ) respect to su* produc]1 r$uce ! premium rate ( su* plan by #ae p]c5t 7except 9 no case may su* premium rate be less ?an z]o74 4 #h4 ,cap on ov]all rate ( return = crop insurance provid]s ,section #ejh7k77#c7 ( ! ,f$]al ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejh7k77#c77 is am5d$-- 7#a7 by /rik+ ! p>agraph designation & head+ & all t foll[s ?r\gh ,! & ins]t+ ! foll[+3 7#c7 ,risk 7,a7 ,%>e ( risk ,! 2 & 7#b7 by add+ at ! end ! foll[+3 7,b7 ,limitation on av]age rate ( return ,! t>get av]age rate ( return = re9sur$ companies = ! #bjbc re9surance ye> & ea* subsequ5t re9surance ye> %all be #h4i p]c5t ( reta9$ premiums4 4 #i4 ,cap on reimbursem5ts = adm9i/rative & op]at+ exp5ses ( crop insurance provid]s ,section #ejh7k77#d7 ( ! ,f$]al ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejh7k77#d77 is am5d$ by add+ at ! end ! foll[+3 7,g7 ,additional cap on reimbursem5ts 7i7 ,9 g5]al ,not)/&+ subp>agraphs 7,a7 ?r\gh 7,f71 ! total am\nt ( reimbursem5ts = adm9i/rative & op]at+ co/s = ! #bjbc re9surance ye> = all types ( policies & plans ( insurance %all n exce$ #ijj1jjj1jjj4 7ii7 ,adju/m5t ,= ! #bjbd re9surance ye> & ea* subsequ5t re9surance ye>1 ! doll> am\nt 9 effect pursuant to clause 7i7 %all be increas$ by ! inflation factor e/abli%$ = ! adm9i/rative & op]at+ co/s limitation 9 ! #bjaa ,/&>d ,re9surance ,agreem5t4 4 #aj4 ,r5egotiation ( /&>d re9surance agreem5t ,section #ejh7k77#h7 ( ! ,f$]al ,crop ,insurance ,act 7#g ,u4,s4,c4 #aejh7k77#h77 is am5d$ by /rik+ subp>agraph 7,f74