S 3253
TEMP Act of 2023
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the TEMP Act of 2023, aims to improve crop insurance by encouraging research and development into a new type of insurance policy that protects farmers from losses due to frost or cold weather. The legislation directs the federal crop insurance corporation to explore creating an index-based policy covering a wide range of crops, and to assess the effectiveness of risk management tools for low-frequency, high-impact weather events. The research will focus on protecting either production or revenue losses, and a report summarizing the findings will be submitted to Congress.
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Primary sponsor
Marco Rubio
Cosponsors
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