Current status is Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

S. 1493

This Act may be cited as the "Livestock Indemnity Program Improvement Act of 2025".

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 general - in the matter preceding clause (i) (as so designated), by striking "Indemnity" and inserting the following:

(A) In general - Indemnity

(3) Determination of market value - 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.

119-S1493