text: SECTION 1. PAYMENT LIMITATIONS.
  
      Section 1001 of the Food Security of 1985 (7 U.S.C. 1308) is 
  amended--
              (1) in subsection (b)(1), by striking ``$40,000'' and 
          inserting ``$20,000'';
              (2) in subsection (c)(1), by striking ``$65,000'' and 
          inserting ``$30,000'';
              (3) by striking ``(d)'' and all that follows through the 
          end of paragraph (1) and inserting the following:
      ``(d) Limitations on Marketing Loan Gains, Loan Deficiency 
  Payments, and Commodity Certificate Transactions.--
              ``(1) Loan commodities.--The total amount of the following 
          gains and payments that a person may receive during any crop 
          year may not exceed $87,500:
                      ``(A)(i) Any gain realized by a producer from 
                  repaying a marketing assistance loan for 1 or more loan 
                  commodities under subtitle B of title I of the Farm 
                  Security and Rural Investment Act of 2002 (7 U.S.C. 
                  7931 et seq.) at a lower level than the original loan 
                  rate established for the loan commodity under that 
                  subtitle.
                      ``(ii) In the case of settlement of a marketing 
                  assistance loan for 1 or more loan commodities under 
                  that subtitle by forfeiture, the amount by which the 
                  loan amount exceeds the repayment amount for the loan 
                  if the loan had been settled by repayment instead of 
                  forfeiture.
                      ``(B) Any loan deficiency payments received for 1 
                  or more loan commodities under that subtitle.
                      ``(C) Any gain realized from the use of a commodity 
                  certificate issued by the Commodity Credit Corporation 
                  for 1 or more loan commodities, as determined by the 
                  Secretary, including the use of a certificate for the 
                  settlement of a marketing assistance loan made under 
                  that subtitle.''; and
              (4) by adding at the end the following:
      ``(h) Single Farming Operation.--
              ``(1) In general.--Notwithstanding subsections (b) through 
          (d), subject to paragraph (2), if a person participates only in 
          a single farming operation and receives, directly or 
          indirectly, any payment or gain covered by this section through 
          the operation, the total amount of payments or gains (as 
          applicable) covered by this section that the person may receive 
          during any crop year may not exceed twice the applicable dollar 
          amounts specified in subsections (b), (c), and (d).
              ``(2) Individuals.--The total amount of payments or gains 
          (as applicable) covered by this section that an individual 
          person may receive during any crop year may not exceed 
          $275,000.
      ``(i) Spouse Equity.--Notwithstanding subsections (b) through (d), 
  except as provided in subsection (e)(2)(C)(i), if an individual and 
  spouse are covered by subsection (e)(2)(C) and receive, directly or 
  indirectly, any payment or gain covered by this section, the total 
  amount of payments or gains (as applicable) covered by this section 
  that the individual and spouse may jointly receive during any crop year 
  may not exceed twice the applicable dollar amounts specified in 
  subsections (b), (c), and (d).
      ``(j) Regulations.--
              ``(1) In general.--Not later than July 1, 2003, the 
          Secretary shall promulgate regulations--
                      ``(A) to ensure that total payments and gains 
                  described in this section made to or through joint 
                  operations or multiple entities under the primary 
                  control of a person, in combination with the payments 
                  and gains received directly by the person, shall not 
                  exceed twice the applicable dollar amounts specified in 
                  subsections (b), (c), and (d);
                      ``(B) in the case of a person that in the aggregate 
                  owns, conducts farming operations, or provides custom 
                  farming services on land with respect to which the 
                  aggregate payments received by the person exceed the 
                  applicable dollar amounts specified in subsections (b), 
                  (c), and (d), to attribute all payments and gains made 
                  to the person on crops produced on the land to--
                              ``(i) a person that rents land for a share 
                          of the crop that is less than the usual and 
                          customary rate, as determined by the Secretary;
                              ``(ii) a person that provides custom 
                          farming services through arrangements under 
                          which--
                                      ``(I) all or part of the 
                                  compensation for the services is at 
                                  risk;
                                      ``(II) farm management services are 
                                  provided by--
                                              ``(aa) the same person;
                                              ``(bb) an immediate family 
                                          member; or
                                              ``(cc) an entity or 
                                          individual that has a business 
                                          relationship that is not an 
                                          arm's length relationship, as 
                                          determined by the Secretary; or
                                      ``(III) more than \2/3\ of all 
                                  payments received for custom farming 
                                  services are received by--
                                              ``(aa) the same person;
                                              ``(bb) an immediate family 
                                          member; or
                                              ``(cc) an entity or 
                                          individual that has a business 
                                          relationship that is not an 
                                          arm's length relationship, as 
                                          determined by the Secretary; or
                              ``(iii) a person under such other 
                          arrangements as the Secretary determines are 
                          established to transfer payments from persons 
                          that would otherwise exceed the applicable 
                          dollar amounts specified in subsections (b), 
                          (c), and (d); and
                      ``(C) to ensure that payments attributed under this 
                  section to a person other than the direct recipient 
                  shall also count toward the limit of the direct 
                  recipient.
              ``(2) Primary control.--The regulations under paragraph (1) 
          shall define `primary control' to include a joint operation or 
          multiple entity in which a person owns an interest that is 
          greater than the total interests held by other persons that 
          materially participate on a regular, substantial, and 
          continuous basis in the management of the operation or 
          entity.''.
  
  SEC. 2. REGULATIONS.
  
      (a) In General.--The Secretary of Agriculture may promulgate such 
  regulations as are necessary to implement this Act and the amendments 
  made by this Act.
      (b) Procedure.--The promulgation of the regulations and 
  administration of this Act and the amendments made by this Act shall be 
  made without regard to--
              (1) the notice and comment provisions of section 553 of 
          title 5, United States Code;
              (2) the Statement of Policy of the Secretary of Agriculture 
          effective July 24, 1971 (36 Fed. Reg. 13804), relating to 
          notices of proposed rulemaking and public participation in 
          rulemaking; and
              (3) chapter 35 of title 44, United States Code (commonly 
          known as the ``Paperwork Reduction Act'').
      (c) Congressional Review of Agency Rulemaking.--In carrying out 
  this section, the Secretary shall use the authority provided under 
  section 808 of title 5, United States Code.
target: Amends the Food Security Act of 1985 to reduce maximum annual direct and counter-cyclical commodity payments to $20,000 and $30,000, respectively. Revises limitation provisions for marketing loan gains, loan deficiency payments, and commodity certificate transactions, and establishes an annual combined limitation of $87,500 for such payments.Doubles payment limitations for single farming operations. Limits an individual to a combined annual payment of $275,000.
feat_title: A bill to amend the Food Security Act of 1985 to strengthen payment limitations for commodity payments and benefits.