S. 1025: Assisting Family Farmers through Insurance Reform Measures Act
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S. 1025: Assisting Family Farmers through Insurance Reform Measures Act
115th Congress · introduced 2017-05-03 · Agriculture and Food · Latest: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
federal
Follow this bill, step by step
- Where it came from: introduced 2017-05-03 · official record
- Who proposed it: Sen. Flake, Jeff [R-AZ] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Assisting Family Farmers through Insurance Reform Measures Act
Plain summary
Assisting Family Farmers through Insurance Reform Measures Act or the AFFIRM Act This bill amends the Federal Crop Insurance Act to require the Department of Agriculture (USDA) to reduce federal crop insurance payments and disclose details regarding subsidies. The bill prohibits premium subsidies: (1) for additional coverage for any person or legal entity that has an average adjusted gross income that is greater than $250,000, (2) that exceed $40,000 per year for any person or legal entity, or (3) for policies that are based on the actual market price of an agricultural commodity at the time of harvest. The bill establishes an annual cap on total reimbursements for administrative and operating costs of crop insurance providers that begins at $900 million for 2018 and is adjusted for inflation in each subsequent year. The average rate of return for insurance providers is limited to 8.9% of retained premiums. The bill eliminates a requirement that any renegotiated Standard Insurance 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.) USDA must annually disclose to the public specified details regarding the recipients and amounts of federal crop insurance subsidies.
Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.
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What does this mean? (plain words)
Official text
Assisting Family Farmers through Insurance Reform Measures Act
Source: Congressional Research Service summary (Introduced in Senate)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Flake, Jeff [R-AZ] · 1 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Jeanne Shaheen (D-NH)
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (1)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in Senate)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115s1025.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/s>
Record fed-us-cong115-s1025 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115