TEMP Act of 2023
- Last Action
- 11/8/2023
Actions
- 2023-11-08Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- 2023-11-08Introduced in Senate
CRS Summary
As of 2023-11-08 (00)
Temperature Endorsement for Multiperil Policies Act of 2023 or the TEMP Act of 2023
This bill directs the federal crop insurance program to provide for research and development regarding a temperature-based index policy to insure crops on a nationally available basis against losses due to a frost or cold weather event.
The research and development must (1) evaluate the effectiveness of risk management tools with respect to low frequency and catastrophic loss weather events, and (2) result in a policy that provides protection for production loss or revenue loss.
(The term policy means an insurance policy, plan of insurance, provision of a policy or plan of insurance, and related materials.)
Cosponsors (2)
- Jon Ossoff (D-GA)
- Raphael Warnock (D-GA)
Subjects
- Agricultural insurance
- Agricultural research
- Atmospheric science and weather
- Congressional oversight
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.