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Bill > HR6186


US HR6186

US HR6186
TEMP Act Temperature Endorsement for Multi-Peril Policies Act


summary

Introduced
11/02/2023
In Committee
03/01/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To amend the Federal Crop Insurance Act to direct the Federal Crop Insurance Corporation to conduct research and development on frost or cold weather insurance, and for other purposes.

AI Summary

This bill, the Temperature Endorsement for Multi-Peril Policies Act (TEMP Act), amends the Federal Crop Insurance Act to direct the Federal Crop Insurance Corporation to conduct research and development on an index-based policy to insure crops against losses due to frost or cold weather events on a nationally-available basis. The research and development is required to evaluate the effectiveness of risk management tools, such as the use of an index, with respect to low-frequency and catastrophic loss weather events, and result in a policy that provides protection for either production loss or revenue loss. The bill also requires the Corporation to submit a report to Congress within one year detailing the results of the research and development and any recommendations.

Committee Categories

Agriculture and Natural Resources

Sponsors (6)

Last Action

Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. (on 03/01/2024)

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