Bill Sponsor
Senate Bill 3292
116th Congress(2019-2020)
AFFIRM Act of 2020
Introduced
Introduced
Introduced in Senate on Feb 13, 2020
Overview
Text
Introduced
Feb 13, 2020
Latest Action
Feb 13, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3292
Congress
116
Policy Area
Agriculture and Food
Agriculture and Food
Primary focus of measure is agricultural practices; agricultural prices and marketing; agricultural education; food assistance or nutrition programs; food industry, supply, and safety; aquaculture; horticulture and plants. Measures concerning international trade in agricultural products may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Democrat
New Hampshire
Republican
Pennsylvania
Senate Votes (0)
House Votes (0)
No Senate votes have been held for this bill.
Summary

Assisting Family Farmers through Insurance Reform Measures Act of 2020 or the AFFIRM Act of 2020

This bill requires the Department of Agriculture (USDA) to reduce federal crop insurance payments and to disclose details regarding subsidies.

Specifically, the bill

  • requires USDA to annually disclose to the public specified details regarding the recipients and amounts of federal crop insurance subsidies;
  • prohibits certain premium subsidies, including for additional coverage for any person or legal entity that has an average adjusted gross income that is greater than $250,000, and for policies that are based on the actual market price of an agricultural commodity at the time of harvest;
  • establishes an annual cap on total reimbursements for administrative and operating costs of crop insurance providers that begins at $900 million for 2020 and is adjusted for inflation in each subsequent year; and
  • eliminates a requirement that any renegotiated Standard Reinsurance Agreement (SRA) be budget-neutral. (The SRA is an agreement between USDA and the private companies that administer the federal crop insurance program that specifies details such as administrative and operating expense reimbursements and risk sharing. Eliminating the budget neutrality requirement permits USDA to use the renegotiation of the SRA to achieve savings.)
Text (1)
February 13, 2020
Actions (2)
02/13/2020
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
02/13/2020
Introduced in Senate
Public Record
Record Updated
Sep 3, 2022 5:25:25 PM