A bill to amend the Federal Crop Insurance Act to authorize until December 31, 1986, the Federal Crop Insurance Corporation to insure producers against the loss of commodities due to the insolvency or bankruptcy of warehousemen who store such commodities.
Federal Crop Insurance Act Amendments of 1983 - Amends the Federal Crop Insurance Act to authorize until December 31, 1986, the Federal Crop Insurance Corporation (through the Agricultural Stabilization and Conservation Service) to insure producers against community losses due to warehouse insolvency or bankruptcy.
Requires the Corporation to: (1) act on insurance applications within 30 days; and (2) make initial insurance payments within 30 days.
Requires the Secretary of Agriculture to report to the appropriate congressional committees by February 1, 1985, regarding the extension of such insurance program.
Authorizes appropriations for FY 1984 and subsequent fiscal years.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
Referred to Subcommittee on Conservation Credit and Rural Development.
Subcommittee Hearings Held.
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