On the recordJune 19, 2013
At this time I'd like to yield 1 minute to the gentlelady from Connecticut (Ms. DeLauro), a champion for family farmers and for the nutrition program in the farm bill. Ms. DeLAURO. I rise in support of this amendment, strong support of this amendment, because it aims to reform a broken crop insurance program. This is a program where taxpayers foot an average of 60 percent of the premiums for beneficiaries, plus there's the reimbursement of the administrative and operating costs, 100 percent of those efforts. These are for private companies that sell the plans, including multinational corporations, some of whom trace back to companies who are in tax havens. And essentially, what it does, it works to improve crop insurance, it limits taxpayer subsidized profits of companies that sell crop insurance. It does not harm the ability of the companies to sell these policies in any way. It would ensure that taxpayers do not continue to subsidize these administrative and operating expenses. It's a bipartisan amendment. It enjoys broad support from a number of groups across the political spectrum, as has been laid out. It caps the amount of crop insurance premium support individual producers receive. The Acting CHAIR. The time of the gentlewoman has expired.
