AFFIRM Act of 2026
Sponsored By: Senator Jeanne Shaheen
Introduced
Summary
Limits and transparency for federal crop insurance subsidies. The AFFIRM Act of 2026 would tighten who can get premium subsidies, force annual public disclosure of subsidy and insurer payments, and cut some insurer payouts and subsidies.
Show full summary
- Families and smaller farms: It would block portions of premium subsidies for anyone with average adjusted gross income above $250,000 and cap premium subsidy payments at $40,000 per person per reinsurance year. This targets support away from higher-income producers.
- Producers using harvest-price coverage: It would end premium subsidies for policies tied to actual market prices at harvest beginning with the 2027 reinsurance year, changing how some price protections are funded.
- Crop insurance companies: It would limit the industrys average rate of return to 8.9% of retained premiums and cap administrative and operating reimbursements at $900 million for the 2027 year, adjusted for inflation thereafter.
- Transparency and program rules: It would require annual public disclosures of who receives subsidized crop, livestock, and forage policies and per-provider underwriting gains and federal indemnities, while excluding catastrophic risk protection plan recipients. The bill also alters the renegotiation process for the Standard Reinsurance Agreement.
*It would reduce federal outlays while increasing transparency.*
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Crop insurance subsidy limits for farms
This bill would limit federal premium help for many farms. If your average adjusted gross income is over $250,000, the Corporation would not pay part of your premium for additional coverage. The Corporation would also not pay more than $40,000 to any person or legal entity in a reinsurance year for premiums under this section. Starting with the 2027 reinsurance year, the Corporation would not pay any premium subsidy for insurance that uses the actual market price at harvest.
Public disclosure of crop subsidies
This bill would require the Secretary to publish, each year, who got federal crop insurance subsidies in the prior reinsurance year. The list would show each person or entity's name, the premium subsidy amount, and the Federal portion of any indemnities for each policy. The Secretary would also publish, by insurer name, underwriting gains and amounts paid for administrative and operating expenses, Federal indemnities and reinsurance, and other payments. People covered by catastrophic risk protection plans under section 508(b) would not be listed.
Caps on insurer profits and payments
This bill would cap insurer reimbursements and target insurer returns under the federal reinsurance program. Total reimbursements for administrative and operating costs would be limited to $900 million for the 2027 reinsurance year, then increase each year by the inflation factor used in the 2011 Standard Reinsurance Agreement. The target average rate of return for reinsured companies would be set at 8.9% of retained premiums for 2027 and each subsequent reinsurance year. The bill would also remove a subparagraph that affects how the Standard Reinsurance Agreement is renegotiated.
Sponsors & CoSponsors
Sponsor
Jeanne Shaheen
NH • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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