S 1493
Livestock Indemnity Program Improvement Act of 2025
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 8:46 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill aims to improve the Livestock Indemnity Program (LIP), which provides financial assistance to livestock owners who have lost animals or experienced reduced sales due to specific events like natural disasters. Specifically, it requires the Secretary of Agriculture to regularly update the market value used to calculate LIP payments, ensuring they reflect current prices. The bill also clarifies the process for determining this market value, emphasizing collaboration with the Agricultural Marketing Service and quarterly updates. This update is intended to make the program more responsive to changing market conditions and provide more accurate support to producers.
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