Us Congress 2023-2024 Regular Session

Us Congress Senate Bill SB3253 Compare Versions

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11 II
22 118THCONGRESS
33 1
44 STSESSION S. 3253
55 To amend the Federal Crop Insurance Act to require research and
66 development on frost or cold weather insurance, and for other purposes.
77 IN THE SENATE OF THE UNITED STATES
88 NOVEMBER8, 2023
99 Mr. R
1010 UBIOintroduced the following bill; which was read twice and referred
1111 to the Committee on Agriculture, Nutrition, and Forestry
1212 A BILL
1313 To amend the Federal Crop Insurance Act to require re-
1414 search and development on frost or cold weather insur-
1515 ance, and for other purposes.
1616 Be it enacted by the Senate and House of Representa-1
1717 tives of the United States of America in Congress assembled, 2
1818 SECTION 1. SHORT TITLE. 3
1919 This Act may be cited as the ‘‘Temperature Endorse-4
2020 ment for Multiperil Policies Act of 2023’’ or the ‘‘TEMP 5
2121 Act of 2023’’. 6
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2424 •S 3253 IS
2525 SEC. 2. RESEARCH AND DEVELOPMENT ON FROST OR COLD 1
2626 WEATHER INSURANCE. 2
2727 Section 522(c) of the Federal Crop Insurance Act (7 3
2828 U.S.C. 1522(c)) is amended by adding at the end the fol-4
2929 lowing: 5
3030 ‘‘(20) F
3131 ROST OR COLD WEATHER INSUR -6
3232 ANCE.— 7
3333 ‘‘(A) I
3434 N GENERAL.—The Corporation shall 8
3535 carry out research and development, or offer to 9
3636 enter into 1 or more contracts with 1 or more 10
3737 qualified persons to carry out research and de-11
3838 velopment, regarding an index-based policy to 12
3939 insure crops (including tomatoes, peppers, sug-13
4040 arcane, strawberries, melons, citrus, peaches, 14
4141 blueberries, and any other crop) on a nationally 15
4242 available basis against losses due to a frost or 16
4343 cold weather event. 17
4444 ‘‘(B) R
4545 ESEARCH AND DEVELOPMENT .— 18
4646 Research and development under subparagraph 19
4747 (A) shall— 20
4848 ‘‘(i) evaluate the effectiveness of risk 21
4949 management tools, such as the use of an 22
5050 index, with respect to low frequency and 23
5151 catastrophic loss weather events; and 24
5252 ‘‘(ii) result in a policy that provides 25
5353 protection for at least 1 of the following: 26
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5656 •S 3253 IS
5757 ‘‘(I) Production loss. 1
5858 ‘‘(II) Revenue loss. 2
5959 ‘‘(C) R
6060 EPORT.—Not later than 1 year 3
6161 after the date of enactment of this paragraph, 4
6262 the Corporation shall submit to the Committee 5
6363 on Agriculture, Nutrition, and Forestry of the 6
6464 Senate and the Committee on Agriculture of 7
6565 the House of Representatives a report that de-8
6666 scribes— 9
6767 ‘‘(i) the results of the research and 10
6868 development carried out under this para-11
6969 graph; and 12
7070 ‘‘(ii) any recommendations with re-13
7171 spect to those results.’’. 14
7272 Æ
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