Bill Summary & Status for the 106th Congress

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S.2894
Sponsor: Sen Lugar, Richard G. (introduced 7/19/2000)
Related Bills: H.R.4885
Latest Major Action: 7/19/2000 Referred to Senate committee
Title: A bill to provide tax and regulatory relief for farmers and to improve the competitiveness of American agricultural commodities and products in global markets.
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TITLE(S):  (italics indicate a title for a portion of a bill)
STATUS: (color indicates Senate actions)
7/19/2000:
Read twice and referred to the Committee on Finance.
COMMITTEE(S):
RELATED BILL DETAILS:  (additional related bills may be indentified in Status)

AMENDMENT(S):

***NONE***

COSPONSORS(6), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

Sen Burns, Conrad R. - 7/19/2000 Sen DeWine, Michael - 7/24/2000
Sen Fitzgerald, Peter G. - 9/13/2000 Sen Grams, Rod - 7/24/2000
Sen Roberts, Pat - 7/19/2000 Sen Santorum, Rick - 7/19/2000

SUMMARY AS OF:
7/19/2000--Introduced.

TABLE OF CONTENTS:

Rural America Prosperity Act of 2000 - Amends the Internal Revenue Code to make revisions concerning both farmers and non-farmers.

Provides for, with respect to all taxpayers, among other things: (1) the repeal of the estate, gift, and generation-skipping taxes; and (2) the deduction of 100 percent of health insurance costs for the self-employed.

Provides for, with respect to farmers, among other things: (1) the limited exclusion of the gain from the sale of qualified farmland; and (2) a limited deduction for contributions to a Farm and Ranch Risk Management Account.

Provides for a study of the costs of regulations on farmers, ranchers, and foresters.

Reciprocal Trade Agreement Authorities Act of 2000 - Authorizes the President, whenever the President determines that one or more existing duties or other import restrictions of any foreign country or the United States are unduly burdening and restricting the foreign trade of the United States to enter into trade agreements with foreign countries (during a limited time period) which, among other things: (1) create more open, equitable, and reciprocal market access; (2) reduce or eliminate trade barriers that decrease market opportunities for U.S. exports; (3) expand market opportunities for U.S. exports; (4) obtain reciprocal tariff and non-tariff barrier elimination; and (5) free the transfer of funds relating to investments.

Agricultural Trade Freedom Act - Amends the Agricultural trade Act of 1978 to exempt, subject to specified exceptions, agricultural commodities made available as a result of commercial sales from a unilateral trade sanction imposed by the United States on another country.