Sec. 1603. Payment limitations
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/bill/113/hr/1947/ih/section-1603A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 1001 of the Food Security Act of 1985 ( 7 U.S.C. 1308 ) is amended by striking subsections
(b)and
(c)and inserting the following: The total amount of payments received, directly or indirectly, by a person or legal entity (except a joint venture or general partnership) for any crop year under section 1101(c) of the Federal Agriculture Reform and Risk Management Act of 2013 and subsections
(b)and
(c)of section 1107 of such Act (other than peanuts) may not exceed $125,000. The total amount of direct payments received, directly or indirectly, by a person or legal entity (except a joint venture or a general partnership) for each of the 2014 and 2015 crop years under section 1101(c) of the Federal Agriculture Reform and Risk Management Act of 2013 may not exceed $40,000. The total amount of payments received, directly or indirectly, by a person or legal entity (except a joint venture or general partnership) for any crop year under subtitle A of title I of the Federal Agriculture Reform and Risk Management Act of 2013 for peanuts may not exceed $125,000. . Section 1001(f) of the Food Security Act of 1985 ( 7 U.S.C. 1308(f) ) is amended by striking or title XII each place it appears in paragraphs (5)(A) and (6)(A) and inserting , title I of the . Federal Agriculture Reform and Risk Management Act of 2013 , or title XII Section 1001C(a) of the Food Security Act of 1985 ( 7 U.S.C. 1308–3(a) ) is amended by inserting title I of the after Federal Agriculture Reform and Risk Management Act of 2013 , 2008, . The amendments made by this section shall apply beginning with the 2014 crop year.
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U.S. Code
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- 7 USC 1308–3(a)
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