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Livestock Indemnity Program Improvement Act of 2025
To require the Secretary of Agriculture to provide regular updates to Livestock Indemnity Program payment rates to reflect market prices, and for other purposes.
Summary
This bill amends the Livestock Indemnity Program to require the Secretary of Agriculture to update livestock market value determinations on a quarterly basis, rather than less frequently. The Secretary shall determine market values in coordination with the Agricultural Marketing Service Administrator and using other appropriate resources. These more frequent updates ensure that indemnity payments to farmers for livestock losses due to natural disasters better reflect current market prices.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Rounds, Mike [R-SD] (R-SD)
1 cosponsor
Money behind the sponsor
Top reported contributors to Mike Rounds’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- APOLLO GLOBAL MANAGEMENT $30,350
- NULL $26,450
- APOLLO $19,250
- ROCKET MORTGAGE $15,700
- APOLLO MGMT. $13,200
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Mike Rounds → · Outside spending →
Actions (2)
- Apr 10, 2025 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. · senate
- Apr 10, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
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.”. <all>
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