AFFIRM Act of 2024
The AFFIRM Act of 2024 requires the USDA to publicly disclose annual details about federal crop insurance subsidies, including the names of recipients, subsidy amounts, and indemnity payments. It imposes a $250,000 average farm income limit for subsidy eligibility and caps annual subsidies at $40,000 per person. The bill also prohibits subsidies for harvest price policies starting in 2024 and limits crop insurance providers’ average return on retained premiums to 8.9%. Additionally, it caps total annual reimbursements for insurance providers’ administrative costs at $900 million (adjusted for inflation).
Bill status
in committee
1 of 4 stages cleared
Introduction
Sep 2024
Committee Review
Floor Vote
President
Introduced Sep 19, 2024
Last action Sep 19, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Sep 19, 2024
Committee
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
upper
Sep 19, 2024
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jeanne Shaheen
DDemocratic
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