Three kinds of payment are named as excepted
What the document says“The term `excepted payment or benefit' means--”
The section adds a new paragraph (4) to section 1001D(b) of the Food Security Act of 1985 (7 U.S.C. 1308-3a(b)) and defines an excepted payment or benefit as a payment or benefit under subtitle E of title I of the Agricultural Act of 2014 (7 U.S.C. 9081 et seq.), a payment or benefit under section 196 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7333), or a payment or benefit described in paragraph (2)(C) received on or after October 1, 2024. Paragraph (1) is also amended to point to the new paragraph.
What the document actually says“The term `excepted payment or benefit' means--”
The law gives a new term a meaning. The list that follows says what it covers.
Three kinds of payment are named. Two come from older farm laws. The third is a payment made on or after October 1, 2024.
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