HR5633-119

2. Harvest incentive policies Section 522(c) of the Federal Crop Insurance Act (7 U.S.C. 1522(c)) is amended by adding at the end the following: The Corporation shall carry out research and development, or offer to enter into 1 or more contracts with 1 or more qualified persons to carry out research and development, regarding a harvest incentive for a policy that provides coverage for loss of revenue. Notwithstanding the last sentence of section 508(a)(1), and section 508(a)(2), not later than 2 years after the date of enactment of this paragraph, the Corporation shall make a policy described in subparagraph (A) available if the requirements of section 508(h) are met. Not later than 1 year after the date of enactment of this paragraph, the Corporation shall submit to the Committees on Appropriations and on Agriculture of the House of Representatives and the Committees on Appropriations and on Agriculture, Nutrition, and Forestry of the Senate a report that includes— the results of the research and development carried out under subparagraph (A); and a description of any policy made available under subparagraph (B). (20)Harvest incentive policies (A)In generalThe Corporation shall carry out research and development, or offer to enter into 1 or more contracts with 1 or more qualified persons to carry out research and development, regarding a harvest incentive for a policy that provides coverage for loss of revenue. (B)Availability of policyNotwithstanding the last sentence of section 508(a)(1), and section 508(a)(2), not later than 2 years after the date of enactment of this paragraph, the Corporation shall make a policy described in subparagraph (A) available if the requirements of section 508(h) are met. (C)ReportNot later than 1 year after the date of enactment of this paragraph, the Corporation shall submit to the Committees on Appropriations and on Agriculture of the House of Representatives and the Committees on Appropriations and on Agriculture, Nutrition, and Forestry of the Senate a report that includes— (i)the results of the research and development carried out under subparagraph (A); and (ii)a description of any policy made available under subparagraph (B)..