Amends the Federal Crop Insurance Act: (1) to increase the capital stock of the Federal Crop Insurance Corporation; (2) to change the compensation basis for Directors of the Corporation and members of the advisory committee; (3) to establish a separate revolving fund in the United States Treasury to cover Federal premium payments; (4) to direct the Corporation, under specified circumstances, to pay a portion of each participant's premium; (5) to limit disaster payments to indemnification payments; (6) to provide for an information program for farmers concerning Federal crop insurance; and (7) to require specified feasibility studies and evaluations of the entire Federal crop insurance program.
Introduced in Senate
Referred to Senate Committee on Agriculture, Nutrition and Forestry.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line