S. 2426 · 115th Congress
Dairy Premium Refund Act of 2018
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
GillibrandSponsorNo cosponsors.
This bill amends the Agricultural Act of 2014, with respect to the Dairy Margin Protection Program, to require the Department of Agriculture (USDA) to repay certain premiums to participating dairy operations.
What it does: CRS summary · Introduced in Senate · Feb 14, 2018
Dairy Premium Refund Act of 2018
This bill amends the Agricultural Act of 2014, with respect to the Dairy Margin Protection Program, to require the Department of Agriculture (USDA) to repay certain premiums to participating dairy operations.
(The Dairy Margin Protection Program is a voluntary program that makes payments to participating dairy operations when a formula-based national margin [the difference between the national all milk price and the national average feed cost] falls below a producer-selected insured margin.)
For 2015 and each succeeding year, USDA must repay to participating dairy operations an amount equal to the difference between:
- the total amount of premiums paid by participating dairy operations under the program for the year; and
- the sum of: (1) the total payments made to participating dairy operations under the program for the year, and (2) the costs of carrying out the program for the year.
A repayment made to a participating dairy operation must be reduced by the amount of payments made to the operation under the program during the year.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Dairy Premium Refund Act of 2018
Latest action (Feb 14, 2018): Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Policy area: Agriculture and Food · Origin: Senate · Introduced: Feb 14, 2018
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.