S. 1872 · 110th Congress
Farm Safety Net Improvement Act of 2007
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
DurbinSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Farm Safety Net Improvement Act of 2007 - Amends the Farm Security and Rural Investment Act of 2002 to extend (through crop year 2012) and revise the counter-cyclical payment program.
What it does: CRS summary · Introduced in Senate · Jul 25, 2007
Farm Safety Net Improvement Act of 2007 - Amends the Farm Security and Rural Investment Act of 2002 to extend (through crop year 2012) and revise the counter-cyclical payment program.
Makes payments available in a state for a covered commodity if the actual state revenue (as defined by this Act) for the commodity is less than the revenue counter-cyclical program guarantee (as defined by this Act) for the commodity. (Under current law, payments are provided if a commodity's effective price is less than its target price.)
Provides recourse loans for covered commodities through crop year 2012.
Directs the Secretary of Agriculture, through the Risk Management Agency, to identify necessary actions to ensure that federal crop insurance programs are properly rated to account for a rebalancing of risk resulting from enactment of this Act.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Farm Safety Net Improvement Act of 2007
Latest action (Jul 25, 2007): Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S9921-9922)
Policy area: Agriculture and Food · Origin: Senate · Introduced: Jul 25, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.