S.385 - Rural America Preservation Act109th Congress (2005-2006)
|Sponsor:||Sen. Grassley, Chuck [R-IA] (Introduced 02/15/2005)|
|Committees:||Senate - Agriculture, Nutrition, and Forestry|
|Latest Action:||02/15/2005 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S1426) (All Actions)|
This bill has the status Introduced
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Summary: S.385 — 109th Congress (2005-2006)All Bill Information (Except Text)
Introduced in Senate (02/15/2005)
Rural America Preservation Act - Amends the Food Security Act of 1985 to reduce maximum annual direct and counter-cyclical commodity payments to $20,000 and $30,000, respectively. Revises limitation provisions for marketing loan gains, loan deficiency payments, and commodity certificate transactions, and establishes an annual combined limitation of $75,000 for such payments. Doubles payment limitations for single farming operations. Limits an individual to a combined annual payment of $250,000.
Makes a person who commits fraud in connection with a scheme or device to evade certain program limitations (multiple entities, citizenship) ineligible for farm benefits for six years.