A bill to amend the Federal Crop Insurance Act to require the Federal Crop Insurance Corporation to pay promptly claims for indemnity under such Act and to report annually to the Congress on the payment of the claims.
Federal Crop Insurance Prompt Payments Act of 1983 - Amends the Federal Crop Insurance Act to require the Federal Crop Insurance Corporation to: (1) decide an indemnity claim within 30 days; and (2) pay an approved claim within 60 days, or pay accrued interest until such claim is paid.
Requires an annual report to the appropriate congressional committees.
Introduced in Senate
Read twice and referred to the Committee on Agriculture.
Committee on Agriculture requested executive comment from Agriculture Department.
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