PRIA, Government Policy, Made Personal

Summary

The Secretary must create and keep an independent Office of Risk Management inside the Department. That Office will supervise the Federal Crop Insurance Corporation and run and oversee all programs under the Federal Crop Insurance Act (7 U.S.C. 1501 et seq.), including delivery by local Department offices. It also covers pilot or other programs about revenue insurance, risk‑management savings accounts, or using futures markets to manage risk and support farm income, and other tasks the Secretary finds appropriate. The Secretary appoints an Administrator to lead the Office. The Administrator will also be the Manager of the Federal Crop Insurance Corporation. Some support work like human resources, public affairs, and legislative affairs may be shared under the Under Secretary for Farm Production and Conservation, but the Secretary must give the Office enough staff and money to do its work promptly and well.

Title 7, §6933

Agriculture, Source: USLM XML via OLRC

(a)Establishment

The Secretary shall establish and maintain in the Department an independent Office of Risk Management.

(b)Functions of Office of Risk Management

The Office of Risk Management shall have jurisdiction over the following functions:

(1)Supervision of the Federal Crop Insurance Corporation.

(2)Administration and oversight of all aspects, including delivery through local offices of the Department, of all programs authorized under the Federal Crop Insurance Act (7 U.S.C. 1501 et seq.).

(3)Any pilot or other programs involving revenue insurance, risk management savings accounts, or the use of the futures market to manage risk and support farm income that may be established under the Federal Crop Insurance Act or other law.

(4)Such other functions as the Secretary considers appropriate.

(c)Administrator (d) Resources

(1)Appointment

The Office of Risk Management shall be headed by an Administrator who shall be appointed by the Secretary.

(2)Manager

The Administrator of the Office of Risk Management shall also serve as Manager of the Federal Crop Insurance Corporation.

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Federal Crop Insurance Act, referred to in subsec. (b)(2), (3), is subtitle A of title V of act Feb. 16, 1938, ch. 30, 52 Stat. 72, which is classified generally to subchapter I (§ 1501 et seq.) of chapter 36 of this title. For complete classification of this Act to the Code, see section 1501 of this title and Tables.

Amendments

2018—Subsec. (a). Pub. L. 115–334, § 12415(a), substituted “The Secretary” for “Subject to subsection (e), the Secretary”. Subsec. (d)(1). Pub. L. 115–334, § 12405(a), substituted “Under Secretary of Agriculture for Farm Production and Conservation” for “Under Secretary of Agriculture for Farm and Foreign Agricultural Services”.

§6933 Office of Risk Management