H.R. 5932 · 109th Congress · 2005–2006
Farm Risk Management Act of 2006
H.R. 5932 in the 109th Congress (2005–2006) was introduced on Jul 27, 2006, sponsored by Terry Everett with 4 co-sponsors.
During the 109th Congress (2005–2006), George W. Bush was president, and Republicans held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Jul 27, 2006
- Co-sponsors
- 4
- Policy area
- Taxation
What it does
Farm Risk Management Act of 2006 - Amends the Internal Revenue Code to: (1) establish tax-exempt farm risk management accounts to allow taxpayers engaged in the business of farming or ranching to use distributions from such accounts to offset operational losses in lieu of receiving, after a specified transitional period, federal subsidies to purchase crop insurance; (2) allow a tax deduction for cash contributions to such acco…
Summary by the nonpartisan Congressional Research Service.
Sponsor
Terry Everett (R-AL). Co-sponsors: 1 Democrat, 3 Republicans.
Where it stands
- IntroducedJul 27, 2006
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the Committee on Ways and Means, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisio (Jul 27, 2006)
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Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 5932 (109th Congress): Farm Risk Management Act of 2006,” https://www.capitolreceipts.com/bill/109-hr-5932/farm-risk-management-act-of-2006 (accessed 2026-10-17).