Summary: H.R.2487 — 112th Congress (2011-2012)All Information (Except Text)

There is one summary for H.R.2487. Bill summaries are authored by CRS.

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Introduced in House (07/11/2011)

Reducing the Deficit through Eliminating Agriculture Direct Payment Subsidies Act of 2011 or REAPS Act of 2011 - Amends the the Food, Conservation, and Energy Act of 2008 to terminate direct payments for covered commodities and peanuts.

Amends the Food Security Act of 1985 to limit to $65,000 per crop year: (1) average crop revenue election (ACRE) and counter-cyclical payments for one or more covered commodities, and (2) ACRE payments for peanuts.

Applies such provisions to the 2012 crop year.