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Full Text of this Amendment

SA 3653. Mr. COBURN submitted an amendment intended to be proposed to amendment SA 3500 proposed by Mr. Harkin (for himself, Mr. Chambliss, Mr. Baucus, and Mr. Grassley) to the bill H.R. 2419, to provide for the continuation of agricultural programs through fiscal year 2012, and for other purposes; which was ordered to lie on the table; as follows:

On page 266, between lines 10 and 11, insert the following:
SEC. 19__. ELIGIBILITY FOR DEPARTMENT PROGRAMS.
(a) In General.--Section 508(b)(7) of the Federal Crop Insurance Act (7 U.S.C. 1508(b)(7)) is amended by striking subparagraph (A) and inserting the following:
``(A) IN GENERAL.--
``(i) REQUIREMENT TO PURCHASE CROP INSURANCE.--Effective for the spring-planted 2008 and subsequent crops (and fall-planted 2008 crops at the option of the Secretary), to be eligible for any benefit listed in clause (ii), a person shall obtain additional coverage under subsection (c), if available, for each crop of economic significance that--
``(I) covers at least 55 percent of loss in yield, on an individual or area yield basis, and that indemnifies at 100 percent of the expected market price; or
``(II) provides a level of coverage that is comparable to the coverage described in subclause (I), as determined by the Secretary.
``(ii) COVERED BENEFITS.--Benefits referred to in clause (i) are any type of price support, payment, loan, or other benefit, as determined by the Secretary--
``(I) described in section 371(b) of the Consolidated Farm and Rural Development Act (7 U.S.C. 2008f(b)); or
``(II) authorized under--
``(aa) title XII of the Food Security Act of 1985 (16 U.S.C. 3801 et seq.);
``(bb) title I of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 7901 et seq.);
``(cc) title I of the Food and Energy Security Act of 2007;
``(dd) the Commodity Credit Corporation Charter Act (15 U.S.C. 714 et seq.);
``(ee) any law providing agricultural disaster assistance; or
``(ff) any other similar Act administered by the Secretary, as determined by the Secretary.''.
(b)Payment of Portion of Premium by Corporation.--Section 508(e)(2) of the Federal Crop Insurance Act (7 U.S.C. 1508(e)(2)) is amended--

(1) in subparagraph (B)(i), by striking ``67 percent'' and inserting ``62 percent'';

(2) in subparagraph (C)(i), by striking ``64 percent'' and inserting ``59 percent'';

(3) in subparagraph (D)(i), by striking ``59 percent'' and inserting ``54 percent'';

(4) in subparagraph (E)(i), by striking ``55 percent'' and inserting ``53 percent'';

(5) in subparagraph (F)(i), by striking ``48 percent'' and inserting ``46 percent''; and

(6) in subparagraph (G)(i), by striking ``38 percent'' and inserting ``36 percent''.

(c) Conforming Amendment.--Section 371(a) of the Consolidated Farm and Rural Development Act (7 U.S.C. 2008f(a)) is amended by striking ``at least catastrophic'' and all that follows through the end of the subsection and inserting ``insurance coverage pursuant to section 508(b)(7) of the Federal Crop Insurance Act (7 U.S.C.1508(b)(7)).''.
(As printed in the Congressional Record for the Senate on Nov 13, 2007.)