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Full Text of this Amendment

SA 3798. Mr. COBURN submitted an amendment intended to be proposed to amendment SA 3653 submitted by Mr. Coburn and intended to be proposed to the 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:

In lieu of the matter proposed to be inserted, insert the following:
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:
``(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) of each agricultural commodity or commercial crop (other than dairy or livestock), to be eligible for any benefit described in clause (ii), a person shall--
``(I) in the case of an agricultural commodity for which insurance is available under this title, obtain at least the catastrophic level of insurance for each crop of economic significance in which the person has an interest; or
``(II) in the case of an eligible crop for which payments are available under section 196 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7333), 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--
``(I) any type of price support, payment, loan, or other benefit, as determined by the Secretary, under--
``(aa) title I of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 7901 et seq.);
``(bb) title I of the Food and Energy Security Act of 2007;
``(cc) the Commodity Credit Corporation Charter Act (15 U.S.C. 714 et seq.);
``(dd) any law providing agricultural disaster assistance; or
``(ee) any other similar Act administered by the Secretary, as determined by the Secretary; or
``(II) any benefit described in section 371(b) of the Consolidated Farm and Rural Development Act (7 U.S.C. 2008f(b)).
``(iii) WAIVER.--To be eligible for any benefit described in clause (ii), a person that elects not to obtain coverage described in subclause (I) or (II) of clause (i) for an agricultural commodity or commercial crop shall submit to the Secretary a written waiver to waive any eligibility for emergency crop loss assistance for that agricultural commodity or commercial crop.''.

(As printed in the Congressional Record for the Senate on Nov 16, 2007.)