Us Congress 2023-2024 Regular Session

Us Congress House Bill HB5747

Introduced
9/27/23  
Refer
9/27/23  

Caption

Crop Insurance Transparency Act

Impact

If passed, HB 5747 would amend the Federal Crop Insurance Act, specifically the sections that govern transparency and accountability in crop insurance subsidies. The bill seeks to ensure that information is readily accessible to the public, which could lead to greater scrutiny of crop insurance policies and their implementation. By making this information public, the bill could potentially lead to increased demand for more accountable practices within the crop insurance industry, influencing future agricultural policies and subsidy decisions.

Summary

House Bill 5747, titled the Crop Insurance Transparency Act, aims to enhance transparency within the federally subsidized crop insurance program. One of the primary objectives of the bill is to mandate annual public disclosures regarding premium subsidies provided to individuals and entities participating in the program. This would include details such as the names of insured parties, the amounts of subsidies received, and any federal indemnity payments made during the previous reinsurance year. Such measures are intended to inform the public and improve oversight of how taxpayer dollars are utilized within the crop insurance system.

Contention

Proponents of the bill argue that transparency is essential for the integrity of federal subsidy programs, claiming that it offers taxpayers better visibility into how funds are allocated and who benefits from these subsidies. However, potential points of contention may arise regarding privacy concerns for individuals and entities who would be identified in these disclosures. Critics may argue that disclosing such information could impact farmers' competitive positions or unfairly stigmatize those who rely on federal support, highlighting the delicate balance between public accountability and private interests.

Companion Bills

US HB5698

Related Assisting Family Farmers through Insurance Reform Measures Act

US SB5104

Related AFFIRM Act of 2024 Assisting Family Farmers through Insurance Reform Measures Act of 2024

Previously Filed As

US HB5698

Assisting Family Farmers through Insurance Reform Measures Act

US HB5536

Grant Transparency Act of 2023

US HB4905

Health Insurance Price Transparency Act of 2023

US HB7853

Royalty Transparency Act

US SB1073

Crop Insurance for Future Farmers Act

US HB5378

Lower Costs, More Transparency Act

US HB6302

Health Share Transparency Act of 2023

US HB5535

Insurance Data Protection Act

US HB3465

To enhance Federal Deposit Insurance Corporation transparency.

US HB4822

Health Care Price Transparency Act of 2023

Similar Bills

No similar bills found.