H.R.2487 - Reducing the Deficit through Eliminating Agriculture Direct Payment Subsidies Act of 2011112th Congress (2011-2012)
|Sponsor:||Rep. Flake, Jeff [R-AZ-6] (Introduced 07/11/2011)|
|Committees:||House - Agriculture|
|Latest Action:||07/22/2011 Referred to the Subcommittee on General Farm Commodities and Risk Management.|
This bill has the status Introduced
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Summary: H.R.2487 — 112th Congress (2011-2012)All Bill Information (Except Text)
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.