Bill

Bill > HR8229


US HR8229

LIP Enhancement Act of 2024 Livestock Indemnity Program Enhancement Act of 2024


summary

Introduced
05/02/2024
In Committee
09/03/2024
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To amend the Agricultural Act of 2014 to establish additional payments for unborn livestock under the livestock indemnity payment program.

AI Summary

This bill, the Livestock Indemnity Program Enhancement Act of 2024 or the LIP Enhancement Act of 2024, amends the Agricultural Act of 2014 to establish additional payments for unborn livestock under the Livestock Indemnity Payment (LIP) program. Specifically, the bill allows the Secretary of Agriculture to make additional payments to eligible producers who have incurred unborn livestock death losses in excess of normal mortality due to qualifying conditions. The payment rate for these additional payments will be less than or equal to 85 percent of the payment rate for the lowest weight class of the livestock, and the payment amount will be calculated based on the number of unborn livestock lost.

Committee Categories

Agriculture and Natural Resources

Sponsors (1)

Last Action

Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. (on 09/03/2024)

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