Renames the Federal Crop Insurance Act as the Federal Commodity Insurance Act and the Federal Crop Insurance Corporation as the Federal Commodity Insurance Corporation. Makes commodity insurance available on an economically sound basis to all counties and all commodities. Direct the Corporation to pay 50 percent of the premium cost of commodity insurance issued to any individual under such Act.
Repeals the present appropriations ceiling under such Act and authorizes such sums as may be necessary to cover the costs of the Corporation, including such Federal premium payments.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line