H.R. 7498 · 117th Congress
TEMP Act
- Stage
- In committee
- Sponsor
- W. Steube
- Introduced
- 2022-04-11
- Latest action
- 2022-05-05 · Referred to the Subcommittee on General Farm Commodities and Risk Management.
Summary
Temperature Endorsement for Multi-Peril Policies or the TEMP Act
This bill directs the Federal Crop Insurance Corporation to conduct or enter into contracts to carry out research and development regarding a temperature-based index policy to insure crops on a nationally-available basis against losses due to a frost or cold weather event, including research to evaluate the effectiveness of risk management tools with respect to low frequency and catastrophic loss weather events.