HR 662 · 107th Congress 2001–2003, ended

Farm and Ranch Risk Management Act

Introduced Feb 14, 2001 Originated House Sponsor Kenny C. Hulshof R-MO

Latest action · Feb 14, 2001 Referred to the House Committee on Ways and Means.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedFeb 14, 2001
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Farm and Ranch Risk Management Act - Amends the Internal Revenue Code to allow an individual engaged in an eligible farming or commercial fishing business a deduction for any taxable year of up to 20 percent of taxable income attributable to the eligible farming or commercial fishing business which was paid in cash by the taxpayer to a Farm and Ranch Risk Management Account (FARRM Account).

Includes distributions from a FARRM account in the taxpayer's gross income, and subjects to a special ten percent surtax any distributions not made within five years of contribution. Establishes a tax on excess contributions, but exempts the taxpayer from the tax on certain prohibited transactions.

Cosponsors 104

Members who signed on, in the order they did. Signatures ran from Feb 14, 2001 to Dec 19, 2001; 1 is an original cosponsor, there from the day it was introduced.

Seat	Cosponsor		Signed on
D-FL	Karen L. Thurman	Original	Feb 14, 2001
R-AR	Asa Hutchinson		Mar 27, 2001
R-AL	Bob Riley		Mar 27, 2001
D-CA	Calvin M. Dooley		Mar 27, 2001
R-NH	Charles F. Bass		Mar 27, 2001
R-PA	Don Sherwood		Mar 27, 2001
R-CA	Doug Ose		Mar 27, 2001
R-OK	Ernest J. Istook Jr.		Mar 27, 2001
R-IA	Greg Ganske		Mar 27, 2001
R-OR	Greg Walden		Mar 27, 2001
R-PA	James C. Greenwood		Mar 27, 2001
R-NY	James T. Walsh		Mar 27, 2001
R-KS	Jerry Moran		Mar 27, 2001
R-AZ	Jim Kolbe		Mar 27, 2001
R-MO	Jo Ann Emerson		Mar 27, 2001
D-NY	John J. LaFalce		Mar 27, 2001
R-IL	John Shimkus		Mar 27, 2001
R-PA	Joseph R. Pitts		Mar 27, 2001
R-TX	Kevin Brady		Mar 27, 2001
R-TX	Mac Thornberry		Mar 27, 2001
D-TX	Martin Frost		Mar 27, 2001
D-NY	Maurice D. Hinchey		Mar 27, 2001
D-HI	Neil Abercrombie		Mar 27, 2001
R-WI	Paul D. Ryan		Mar 27, 2001
R-OH	Paul E. Gillmor		Mar 27, 2001
R-PA	Phil English		Mar 27, 2001
R-KY	Ron Lewis		Mar 27, 2001
D-MS	Ronnie Shows		Mar 27, 2001
R-MO	Roy Blunt		Mar 27, 2001
R-MO	Sam Graves		Mar 27, 2001
D-GA	Sanford D. Bishop, Jr.		Mar 27, 2001
R-AL	Sonny Callahan		Mar 27, 2001
R-NY	Thomas M. Reynolds		Mar 27, 2001
D-PA	Tim Holden		Mar 27, 2001
R-PA	Todd Russell Platts		Mar 27, 2001
R-KS	Todd Tiahrt		Mar 27, 2001
D-MD	Albert Russell Wynn		Apr 3, 2001
D-FL	Allen Boyd		Apr 3, 2001
R-PA	Curt Weldon		Apr 3, 2001
D-KS	Dennis Moore		Apr 3, 2001
R-MI	Fred Upton		Apr 3, 2001
R-TX	Henry Bonilla		Apr 3, 2001
D-OH	James A. Traficant Jr.		Apr 3, 2001
R-LA	Jim McCrery		Apr 3, 2001
R-KS	Jim Ryun		Apr 3, 2001
R-FL	Joe Scarborough		Apr 3, 2001
D-ME	John Elias Baldacci		Apr 3, 2001
R-NY	John M. McHugh		Apr 3, 2001
R-TX	Larry Combest		Apr 3, 2001
D-CO	Mark Udall		Apr 3, 2001
R-PA	Melissa A. Hart		Apr 3, 2001
R-GA	Nathan Deal		Apr 3, 2001
R-TX	Pete Sessions		Apr 3, 2001
D-CT	Rosa L. DeLauro		Apr 3, 2001
R-MD	Roscoe G. Bartlett		Apr 3, 2001
R-IN	Steve Buyer		Apr 3, 2001
R-IL	Timothy V. Johnson		Apr 3, 2001
R-CA	Wally Herger		Apr 3, 2001
R-OK	Wes Watkins		Apr 3, 2001
R-FL	Adam H. Putnam		Apr 25, 2001
D-MI	Bart Stupak		Apr 25, 2001
D-TN	Bob Clement		Apr 25, 2001
R-CO	Bob Schaffer		Apr 25, 2001
D-TX	Ciro D. Rodriguez		Apr 25, 2001
D-GA	Cynthia A. McKinney		Apr 25, 2001
D-AL	Earl F. Hilliard		Apr 25, 2001
D-CA	Gary A. Condit		Apr 25, 2001
R-PA	George W. Gekas		Apr 25, 2001
R-KY	Harold Rogers		Apr 25, 2001
R-AZ	J. D. Hayworth		Apr 25, 2001
R-PA	John E. Peterson		Apr 25, 2001
D-KY	Ken Lucas		Apr 25, 2001
R-NE	Lee Terry		Apr 25, 2001
D-OH	Marcy Kaptur		Apr 25, 2001
D-AR	Marion Berry		Apr 25, 2001
R-FL	Mark Foley		Apr 25, 2001
R-MN	Mark R. Kennedy		Apr 25, 2001
R-TX	Ralph M. Hall		Apr 25, 2001
R-MS	Roger F. Wicker		Apr 25, 2001
R-NY	Sherwood Boehlert		Apr 25, 2001
R-NY	Sue W. Kelly		Apr 25, 2001
R-TN	Van Hilleary		Apr 25, 2001
R-MD	Wayne T. Gilchrest		Apr 25, 2001
R-MT	Denny Rehberg		May 10, 2001
R-IL	Jerry Weller		May 10, 2001
R-NY	John E. Sweeney		May 10, 2001
R-GA	Saxby Chambliss		May 10, 2001
R-CO	Scott McInnis		May 10, 2001
R-TX	Joe Barton		May 24, 2001
R-GA	Johnny Isakson		May 24, 2001
R-IN	John N. Hostettler		May 25, 2001
D-WA	Rick Larsen		May 25, 2001
D-IL	David D. Phelps		Jun 14, 2001
R-MI	Vernon J. Ehlers		Jun 14, 2001
R-ID	C. L. (Butch) Otter		Jun 21, 2001
D-CA	Mike Thompson		Jun 21, 2001
R-NY	Amo Houghton		Jul 24, 2001
R-NE	Doug Bereuter		Jul 24, 2001
D-CA	Juanita Millender-McDonald		Jul 24, 2001
R-PA	Patrick J. Toomey		Aug 2, 2001
D-NJ	Bill Pascrell, Jr.		Sep 6, 2001
R-IN	Brian D. Kerns		Sep 6, 2001
R-SD	John Thune		Sep 6, 2001
R-TX	Ron Paul		Dec 19, 2001

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
House	Ways and Means Committee	Referred Feb 14, 2001

Actions 2

Everything that happened, newest first.

Feb 14, 2001Introduced in House
Feb 14, 2001Referred to the House Committee on Ways and Means.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Printed hearings 1

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

Number	Hearing	Committee	Held
Serial No. 107-24	FARM AND RANCH RISK MANAGEMENT ACCOUNTS (FARRM): HOW WILL LEHIGH VALLEY FARMERS BENEFIT?45 pages	Small Business Committee	Aug 9, 2001

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced: To amend the Internal Revenue Code of 1986 to provide for Farm and Ranch Risk Management Accounts, and for other purposes.
Short Titles as Introduced: Farm and Ranch Risk Management Act

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

Feb 14, 2001Introduced in House

Support LegiList

This page is free, carries no paywall, and is built and maintained by one person. If the record here is useful to you, a few dollars keeps it going.

$1 $5 $10

Processed by Stripe in a separate window. LegiList never sees card details.

Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.