A bill to establish a national insurance program to protect persons storing grain in a public warehouse against losses which may be caused by the insolvency of such warehouse.

Summary

Directs the Secretary of Agriculture to establish an insurance program to protect persons who store their wheat, soybeans, or feed grains in approved public warehouses from warehouse insolvencies. Limits individual insured amounts to $100,000. Directs the Secretary to establish uniform premium rates. Authorizes a Public Warehouse Insurance Fund to be established in the Treasury to pay such insurance and related administrative costs. Requires insurance claims to be paid within 30 days of a warehouse's closing.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 2 March 1983

   Introduced

   Referred to House Committee on Agriculture.

   Source: IntroReferral

2. 2 March 1983

   Introduced

   Introduced in House

   Source: IntroReferral

3. 2 March 1983

   Introduced

   Introduced in House

   Source: IntroReferral

4. 7 March 1983

   Referred

   Referred to Subcommittee on Wheat, Soybeans, and Feed Grains.

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 2 March 1983

  Open at official source

Sponsors

• Rep. Albosta, Donald J. [D-MI-10] · D · Sponsor
• · hsag00 · Standing

Related records

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