TEMP Act
118-HR-6186118th CongressIntroduced Nov 2, 2023Agriculture and Food
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Sponsor
Rep. Franklin, Scott [R-FL-18](R-FL-18)5 cosponsors
Summary
Temperature Endorsement for Multi-Peril Policies Act or the TEMP Act
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.)
Subjects
Agricultural insuranceAgricultural researchAtmospheric science and weatherCongressional oversight
Actions (4)
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Mar 1, 2024House committee actions
Referred to the House Committee on Agriculture.
Nov 2, 2023House floor actions
Introduced in House
Nov 2, 2023Library of Congress
Introduced in House
Nov 2, 2023Library of Congress