McConnell's provision would legalize "as an agricultural commodity by removing it from the list of controlled substances," his office said in a press release. "It also gives states the opportunity to become the primary regulators of hemp production, allows hemp researchers to apply for competitive federal grants from the U.S. Department of Agriculture, and makes hemp farmers eligible to apply for crop insurance." The last Farm Bill legalized pilot programs for hemp farming, overseen by state agriculture departments.
UPDATE, 4 p.m.: Agri-Pulse has the text of the bill: "The adjusted gross income limit for commodity payments would be reduced to $700,000 a year, from the current limit of $900,000." Organic agriculture would get $50 million a year, up from $20 million, along with new rules to fight fraud. One of the few new programs would be "a pilot program to provide produce to low-income people through health-care providers." The bill "steered clear of some regulatory-relief provisions that are in the House bill," Brasher reports. It "omits language sought by the crop protection industry that would allow the Environmental Protection Agency to approve pesticides for use without going through the formal consultation process with the Fish and Wildlife Service and/or the National Marine Fisheries Service." The committee is scheduled to take up the bill Wednesday, June 13.