119-s1493

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1493 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 1493

 To require the Secretary of Agriculture to provide regular updates to 
Livestock Indemnity Program payment rates to reflect market prices, and 
 for other purposes.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 April 10, 2025

Mr. Rounds (for himself and Mr. Bennet) introduced the following bill; 
 which was read twice and referred to the Committee on Agriculture, 
 Nutrition, and Forestry

_______________________________________________________________________

 A BILL

 To require the Secretary of Agriculture to provide regular updates to 
Livestock Indemnity Program payment rates to reflect market prices, and 
 for other purposes.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Livestock Indemnity Program 
Improvement Act of 2025''.

SEC. 2. LIVESTOCK INDEMNITY PAYMENTS.

 

Section 1501

    (b)

    (2) of the Agricultural Act of 2014 (7 U.S.C. 
9081

    (b)

    (2) ) is amended--

    (1) by redesignating subparagraphs
        (A) and
        (B) as clauses
            (i) and
            (ii) , respectively, and indenting appropriately;

    (2) in the matter preceding clause
            (i) (as so designated), 
 by striking ``Indemnity'' and inserting the following:
 ``
        (A) In general.--Indemnity''; and

    (3) by adding at the end the following:
 ``
        (B) Determination of market value.--The Secretary 
 shall determine the market value described in 
 subparagraph
        (A) --
 ``
            (i) in coordination with the 
 Administrator of the Agricultural Marketing 
 Service;
 ``
            (ii) using other appropriate resources, 
 as determined by the Secretary; and
 ``
            (iii) on a quarterly basis.''.
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