Bill · S. 4215· Senate(119-S-4215)
AFFIRM Act of 2026
- Introduced
- 3/26/2026
- Last activity
- 3/26/2026 — Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- Sponsored by
- Jeanne Shaheen
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The AFFIRM Act of 2026 aims to amend the Federal Crop Insurance Act to reduce Federal spending on crop insurance. It introduces requirements for the Secretary to disclose premium subsidies and indemnity payments to the public. The bill implements an adjusted gross income limitation of $250,000 and a $40,000 per person limit on premium payments by the Corporation. It also prohibits premium subsidies for harvest price policies starting in the 2027 reinsurance year. Additionally, the act sets a cap on the average rate of return for insurance providers and a cap on reimbursements for administrative and operating expenses.
Yes· 3 of 6
Does this make what the government does easier for the public to see?+5
The bill mandates the public disclosure of subsidy amounts, indemnity payments, and insurance provider earnings.
Does this reduce what the federal government spends?+4
The act implements income limits and premium caps to lower the total amount the government spends on crop insurance.
Does this reduce what the federal government owes?+3
The bill reduces federal spending by limiting premium subsidies and capping reimbursements for insurance providers.
The opposite· 3 of 6
Would high-income households be better off under this?-3
The bill restricts insurance premium subsidies for entities with an adjusted gross income exceeding $250,000.
Would people with substantial wealth be better off under this?-3
The act prohibits the government from paying premium subsidies for those with an income above $250,000.
Would farmers be better off under this?-3
The bill removes premium subsidies for harvest price policies and places a cap on per-person premium assistance.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Transparency: The Secretary will be required to make available the names of individuals or entities receiving subsidies, the amount of those subsidies, and any Federal portion of indemnities paid (Section 2). This provides the public with specific details regarding how much insurance money is being received by different groups.
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Financial Accountability for Providers: Private insurance providers must disclose their underwriting gains and the amounts paid for administrative and operating expenses (Section 2).
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Income-Based Restrictions: The Corporation will no longer pay premiums for additional coverage for any person or legal entity with an average adjusted gross income greater than $250,000 (Section 3).
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Limits on Government Spending per Person: A cap is established so the Corporation does not pay more than $40,000 for premiums to any person or legal entity in a single reinsurance year (Section 3).
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Control of Provider Profits: The target average rate of return for reinsured companies is limited to 8.9 percent of retained premiums (Section 5).
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Administrative Cost Limits: There is a new cap on the total amount of reimbursements for administrative and operating costs for all types of insurance policies (Section 6).
Potential Negative Impacts for People
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Loss of Subsidies for Specific Policies: Starting in the 2027 reinsurance year, the Corporation will not pay any premium subsidy for insurance policies or plans based on the actual market price of an agricultural commodity on the date of harvest (Section 4).
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Reduced Reimbursements for Insurance Providers: The bill places a cap on the total amount of reimbursements available for the administrative and operating costs of insurance policies (Section 6).
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Information Limitations: The Secretary is prohibited from disclosing information relating to individuals and entities covered by a catastrophic risk protection plan (Section 2).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Reduces Government Spending+4Improves Consumer Protection+3Improves Fiscal Responsibility+3Reduces National Debt+3
- Demographic And Interest Groups
- Good For Low Income Households+1Good For Farmers-3Good For High Income Households-3Good For High Net Worth Individuals-3Good For Business Owners-2Good For Rural Residents-2
- Governance And Ideology
- Improves Government Transparency+5
- Environment Energy And Infrastructure
- Improves Rural Development-2
- 3/26/2026
- Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- Introduced in Senate