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Senate bill · S. 1493 (119th Congress)

Livestock Indemnity Program Improvement Act of 2025

U.S. Senate

Latest action Apr 10, 2025

Sponsor: Mike Rounds (U.S. Senator for South Dakota, Republican)

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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data

Summary

Livestock Indemnity Program Improvement Act of 2025 This bill requires the Farm Service Agency (FSA) to update the market value for livestock on a quarterly basis for the purposes of determining Livestock Indemnity Program (LIP) payment rates. The FSA must determine the market value in coordination with the Agricultural Marketing Service and use other appropriate resources. As background, LIP is an FSA program that provides indemnity payments to eligible livestock owners and contract growers for livestock deaths in excess of normal mortality or reduced sales prices due to specified events (e.g., adverse weather, disease, or animal attack). In general, the rate of payment is 75% of the market value of the affected livestock.

Summary from the Congressional Research Service. How we handle summaries

Where it stands

Assigned to a committee for review.

  1. Introduced
  2. In committee
  3. Up for a vote
  4. Passed one chamber
  5. Passed
  6. Enacted

Committee

House Committee on Agriculture · U.S. House of Representatives

Also referred to Senate Committee on Agriculture, Nutrition, and Forestry · U.S. Senate.

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Cosponsors

1

Cosponsors listed on Congress.gov, shown A to Z.

  • Democratic1

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Related bills

As identified by Congress.gov.

Full history

  1. Apr 10, 2025

    Introduced

    Introduced in U.S. Senate

    U.S. Senate

  2. Apr 10, 2025

    Referred to committee

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

  3. Apr 10, 2025

    Referred to committee

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

  4. Apr 10, 2025

    Referred to committee

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

Read the record