Chairman Frank Lucas issued the following statement welcoming the news that the U.S. Department of Agriculture (USDA) will move forward with implementing the Actual Production History (APH) adjustment for 2015 spring-planted crops. This crop insurance provision in the Agricultural Act of 2014 allows yield adjustments when losses are widespread and beyond the control of producers.
H.R. 634, the Business Risk Mitigation and Price Stabilization Act of 2013
To provide end user exemptions from certain provisions of the Commodity Exchange Act and the Securities Exchange Act of 1934, and for other purposes.
Reps. Michael Grimm (R-NY), Gary Peters (D-MI), Austin Scott (R-GA), and Mike McIntyre (D-NC)
Introduced to the U.S. House of Representatives on February 13, 2013
Ordered reported by voice vote on March 20, 2013