H.R. 5957, To reduce subsidies for agricultural commodity programs

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 5957 would reduce subsidies for agricultural commodity programs.

Detailed Summary

Directs the Secretary of Agriculture, in order to carry out title I of H.R. 2419 of the 110th Congress, as enrolled, to make such reductions in payment rates and loan rates otherwise applicable to commodity programs under such title and amendments made by that title as may be necessary to reduce obligations and expenditures of funds of the Commodity Credit Corporation (CCC) by $7 billion for each of FY2008-FY2012.

Status of the Legislation

Latest Major Action: 11/19/2008: Referred to House subcommittee. Status: Referred to the Subcommittee on General Farm Commodities and Risk Management.

Points in Favor

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Points Against

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