H.R. 2487 · 112th Congress
REAPS Act of 2011
- Stage
- In committee
- Sponsor
- Jeff Flake
- Introduced
- 2011-07-11
- Latest action
- 2011-07-22 · Referred to the Subcommittee on General Farm Commodities and Risk Management.
Summary
Reducing the Deficit through Eliminating Agriculture Direct Payment Subsidies Act of 2011 or REAPS Act of 2011 - Amends the the Food, Conservation, and Energy Act of 2008 to terminate direct payments for covered commodities and peanuts.
Amends the Food Security Act of 1985 to limit to $65,000 per crop year: (1) average crop revenue election (ACRE) and counter-cyclical payments for one or more covered commodities, and (2) ACRE payments for peanuts.
Applies such provisions to the 2012 crop year.