What is the official ID of this bill?
The official print number for this legislation is S 4215.
Agricultural Insurance Reforms: Subsidy Limits and Increased Financial Transparency
This bill sets income limits for farmers receiving crop insurance subsidies and caps the total support available per farm. It also increases transparency by requiring public disclosure of who receives government funding and in what amounts.
Key points
Individuals or entities with an annual income over $250,000 will no longer qualify for crop insurance subsidies.
The government will cap insurance premium subsidies at $40,000 per person or entity each year.
Names of subsidy recipients and the amounts they receive will be made available to the public.
Private insurance companies will face new limits on their profit rates and administrative expense reimbursements.
Subsidies for insurance policies based on harvest-time market prices will be eliminated starting in 2027.
Status:
Introduced
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