S 3292
Affirm act of 2020
Affirm Act of 2020
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Bill overview
The Assisting Family Farmers through Insurance Reform Measures Act of 2020 (AFFIRM Act) aims to reduce federal spending on crop insurance by increasing transparency and limiting certain subsidies. The bill requires the USDA to publicly disclose details about crop insurance recipients and payments, prohibits premium subsidies for high-income individuals and harvest price policies, and establishes an annual cap on administrative and operating costs for crop insurance providers. It also modifies the Standard Reinsurance Agreement to prevent budget neutrality requirements.
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Primary sponsor
Cosponsor
Patrick Toomey
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