S.Amdt. 2201
What it does: Adds SEC. 11005. LIMITATION ON PAYMENT OF PORTION OF PREMIUM BY CORPORATION on page 944, line 23
Sen. Jeanne Shaheen (D-NH)What it changes
1 change to S. 3240
Adds SEC. 11005. LIMITATION ON PAYMENT OF PORTION OF PREMIUM BY CORPORATION on page 944, line 23
Adds a sectionPrinted pageInserted: SEC. 11005. LIMITATION ON PAYMENT OF PORTION OF PREMIUM BY CORPORATION.
Inserted: Section 508(e) of the Federal Crop Insurance Act (7 U.S.C. 1508(e)) is amended by adding at the end the following:
Inserted: "(8) Limitation.--
Inserted: "(A) In general.--Notwithstanding any other provision of this title, the total amount of premium paid by the Corporation on behalf of a person or legal entity, directly or indirectly, with respect to all policies issued to the person or legal entity under this title for a crop year shall be limited to a maximum of $40,000.
Inserted: "(B) Relationship to other law.--To the maximum extent practicable, the Corporation shall carry out this paragraph in accordance with section 1001 of the Food Security Act of 1985 (7 U.S.C. 1308).".
Original wording
On page 944, after line 23, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2201. Mrs. SHAHEEN (for herself and Mr. Toomey) submitted an amendment intended to be proposed by her to the bill S. 3240, to reauthorize agricultural programs through 2017, and for other purposes; which was ordered to lie on the table; as follows:
On page 944, after line 23, add the following:
SEC. 11005. LIMITATION ON PAYMENT OF PORTION OF PREMIUM BY CORPORATION.
Section 508(e) of the Federal Crop Insurance Act (7 U.S.C. 1508(e)) is amended by adding at the end the following:
“(8) Limitation.--
“(A) In general.--Notwithstanding any other provision of this title, the total amount of premium paid by the Corporation on behalf of a person or legal entity, directly or indirectly, with respect to all policies issued to the person or legal entity under this title for a crop year shall be limited to a maximum of $40,000.
“(B) Relationship to other law.--To the maximum extent practicable, the Corporation shall carry out this paragraph in accordance with section 1001 of the Food Security Act of 1985 (7 U.S.C. 1308).”.
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Senate amendment submitted
June 7, 2012