Livestock Indemnity Program Improvement Act of 2024

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 8431 Introduced in House (IH)] <DOC> 118th CONGRESS 2d Session H. R. 8431 To require the Secretary of Agriculture to provide regular updates to Livestock Indemnity Program payment rates to reflect market prices, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES May 16, 2024 Mr. Feenstra (for himself and Ms. Craig) introduced the following bill; which was referred to the Committee on Agriculture _______________________________________________________________________ A BILL To require the Secretary of Agriculture to provide regular updates to Livestock Indemnity Program payment rates to reflect market prices, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Livestock Indemnity Program Improvement Act of 2024''. SEC. 2. LIVESTOCK INDEMNITY PAYMENTS. 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 …