Bills · S 1493
IN COMMITTEE· 119TH CONGRESS
Senate BillS 1493Agriculture and Food
Livestock Indemnity Program Improvement Act of 2025
INTRO APR 10· LAST ACTION APR 10
READING
1MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
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- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it directly impacts the financial stability of ranchers and livestock producers after devastating events like floods, droughts, or blizzards. When livestock are lost, the government's compensation program, the Livestock Indemnity Program, is crucial for helping producers recover. If the payment rates for this program are outdated, they might not accurately reflect the true economic loss experienced by a rancher.
By requiring quarterly updates, the bill aims to ensure that the compensation farmers receive is fair and reflects the actual cost of replacing their animals in the current market. Without this bill, payment rates could lag behind market changes, potentially leaving ranchers undercompensated during difficult times, which could hinder their ability to rebuild their herds and livelihoods.
KEY PROVISIONS
3AI-extractedPROVISION 01
Requires the Secretary of Agriculture to update the market value used for Livestock Indemnity Program (LIP) payments on a quarterly basis.
This ensures that financial assistance for lost livestock is based on current, not outdated, market values.
PROVISION 02
Mandates coordination with the Administrator of the Agricultural Marketing Service when determining the market value for LIP payments.
This leverages specialized expertise to accurately assess current livestock market prices.
PROVISION 03
Allows the Secretary of Agriculture to use other appropriate resources for determining the market value.
This provides flexibility to gather comprehensive data for accurate valuations.
SPONSORSHIP
1 + 1
R· South Dakota
YRS IN OFFICE
11
BILLS LED
63
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 1 REP 0 IND 0
ACTION TIMELINE
2 EVENTSAPR 10
Introduced in Senate
APR 10
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
BILL INFO
TypeSenate Bill
NumberS 1493
Congress119th
StatusIn Committee
IntroducedApr 10, 2025
Last actionApr 10, 2025
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IN COMMITTEE· 119TH CONGRESS · AGRICULTURE, NUTRITION, AND FORESTRY COMMITTEE · INTRODUCED APR 10, 2025
Senate BillS 1493Agriculture and Food
Livestock Indemnity Program Improvement Act of 2025
INTRODUCED APR 10, 2025· LAST ACTION APR 10, 2025
PASSAGE CHANCES
—%
READING
1 min
COSPONSORS
1
COMPLEXITY
Moderate
