To provide for studies on the feasibility of establishing a business disruption insurance policy for poultry producers and a catastrophic event insurance policy for poultry producers.
What it does: Adds SEC. 11019. POULTRY BUSINESS DISRUPTION INSURANCE POLICY on page 970, between lines 5 and 6
Sen. Christopher A. Coons (D-DE)Adds SEC. 11019. POULTRY BUSINESS DISRUPTION INSURANCE POLICY on page 970, between lines 5 and 6
Adds a sectionPrinted pageInserted: SEC. 11019. POULTRY BUSINESS DISRUPTION INSURANCE POLICY.
Inserted: Section 522(c) of the Federal Crop Insurance Act (7 U.S.C. 1522(c)) (as amended by sections 11016, 11017, and 11018) is amended by adding at the end the following:
Inserted: "(21) Poultry business disruption insurance policy and catastrophic disease program.--
Inserted: "(A) Definition of poultry.--In this paragraph, the term 'poultry' has the meaning given the term in section 2(a) of the Packers and Stockyards Act, 1921 (7 U.S.C. 182(a)).
Inserted: "(B) Authority.--The Corporation shall offer to enter into 1 or more contracts with qualified entities to carry out--
Inserted: "(i) a study to determine the feasibility of insuring commercial poultry production against business disruptions caused by integrator bankruptcy; and
Inserted: "(ii) a study to determine the feasibility of insuring poultry producers for a catastrophic event.
Inserted: "(C) Business disruption study.--The study described in subparagraph (B)(i) shall--
Inserted: "(i) evaluate the market place for business disruption insurance that is available to poultry producers;
Inserted: "(ii) assess the feasibility of a policy to allow producers to ensure against a portion of losses from loss under contract due to business disruption from integrator bankruptcy; and
Inserted: "(iii) analyze the costs to the Federal government of a Federal business disruption insurance program for poultry producers.
Inserted: "(D) Reports.--Not later than 1 year after the date of enactment of this paragraph, the Corporation shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report that describes the results of --
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Inserted: "(i) the study carried out under subparagraph (B)(i); and
Inserted: "(ii) the study carried out under subparagraph (B)(ii).".
Original wording
On page 970, between lines 5 and 6, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2426. Mr. COONS (for himself and Mr. Chambliss) submitted an amendment intended to be proposed by him 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 970, between lines 5 and 6, insert the following:
SEC. 11019. POULTRY BUSINESS DISRUPTION INSURANCE POLICY.
Section 522(c) of the Federal Crop Insurance Act (7 U.S.C. 1522(c)) (as amended by sections 11016, 11017, and 11018) is amended by adding at the end the following:
“(21) Poultry business disruption insurance policy and catastrophic disease program.--
“(A) Definition of poultry.--In this paragraph, the term ‘poultry' has the meaning given the term in section 2(a) of the Packers and Stockyards Act, 1921 (7 U.S.C. 182(a)).
“(B) Authority.--The Corporation shall offer to enter into 1 or more contracts with qualified entities to carry out--
“(i) a study to determine the feasibility of insuring commercial poultry production against business disruptions caused by integrator bankruptcy; and
“(ii) a study to determine the feasibility of insuring poultry producers for a catastrophic event.
“(C) Business disruption study.--The study described in subparagraph (B)(i) shall--
“(i) evaluate the market place for business disruption insurance that is available to poultry producers;
“(ii) assess the feasibility of a policy to allow producers to ensure against a portion of losses from loss under contract due to business disruption from integrator bankruptcy; and
“(iii) analyze the costs to the Federal government of a Federal business disruption insurance program for poultry producers.
“(D) Reports.--Not later than 1 year after the date of enactment of this paragraph, the Corporation shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report that describes the results of --
“(i) the study carried out under subparagraph (B)(i); and
“(ii) the study carried out under subparagraph (B)(ii).”.
Legislative Activity
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Senate amendment proposed (on the floor): Amendment SA 2426 proposed by Senator Coons.(consideration: CR S4274; text: CR S4274)
June 19, 2012
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Senate amendment proposed (on the floor): Amendment SA 2426 proposed by Senator Coons.(consideration: CR S4274; text: CR S4274)
June 19, 2012
Senate amendment agreed to: Amendment SA 2426 agreed to in Senate by Voice Vote.
June 19, 2012
Amendment SA 2426 proposed by Senator Coons. (consideration: CR S4274; text: CR S4274) To provide for studies on the feasibility of establishing a business disruption insurance policy for poultry producers and a catastrophic event insurance policy for poultry producers.
June 19, 2012
Amendment SA 2426 agreed to in Senate by Voice Vote.
June 19, 2012
Senate amendment submitted
June 14, 2012