119 S1493 IS: Livestock Indemnity Program Improvement Act of 2025 U.S. Senate 2025-04-10 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

II119th CONGRESS1st SessionS. 1493IN THE SENATE OF THE UNITED STATESApril 10, 2025Mr. Rounds (for himself and Mr. Bennet) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and ForestryA BILLTo require the Secretary of Agriculture to provide regular updates to Livestock Indemnity Program payment rates to reflect market prices, and for other purposes.

1.

Short title

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

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..