Federal Crop Insurance Act of 1986 - Amends the Federal Crop Insurance Act to terminate the Federal Crop Insurance Corporation's direct insurance sales authority (while retaining its corporate structure) as of September 30, 1991. Sets forth a premium subsidy reduction schedule.
Repeals Corporation authority to borrow Commodity Credit Corporation funds to meet indemnification needs.
Requires the Board of Directors of the Corporation to encourage the sale of insurance through private insurance brokers.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
Executive Comment Requested from USDA.
Referred to Subcommittee on Conservation Credit and Rural Development.
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