AFFIRM Act of 2020
Latest action · Feb 13, 2020 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
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 13, 2020
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.)
Cosponsors 1
Members who signed on, in the order they did. All signed on Feb 13, 2020.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-PA | Patrick J. Toomey | Original | Feb 13, 2020 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Agriculture, Nutrition, and Forestry Committee | Referred Feb 13, 2020 |
Actions 2
Everything that happened, newest first.
- Feb 13, 2020Introduced in Senate
- Feb 13, 2020Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Federal Crop Insurance Act to reduce Federal spending on crop insurance, and for other purposes.
- Short Title(s) as Introduced
- AFFIRM Act of 2020
- Assisting Family Farmers through Insurance Reform Measures Act of 2020
Subjects
Assigned by the Library of Congress. Policy area: Agriculture and Food.
Text 1
Each version as it was printed, newest first.
- Feb 13, 2020Introduced in Senate
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.
