S. 1493: Livestock Indemnity Program Improvement Act of 2025
A Senate bill (S.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | Senate bill (S.) |
| Originating chamber | Senate |
| Introduced | 2025-04-10 |
| Sponsor | Sen. Rounds, Mike [R-SD] |
| Policy area | Agriculture and Food |
| Cosponsors | 1 |
| Latest action | 2025-04-10 — Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. |
| Last updated | 2026-01-14 |
Summary
Official summary (Introduced in Senate, 2025-04-10):
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.
Cosponsors (1)
| Name | Party / state |
|---|---|
| Michael F. Bennet | D CO (original cosponsor) 2025-04-10 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for S. 1493 are published by Congress on congress.gov.
View S. 1493 on congress.gov →
Frequently asked questions
What is S. 1493?
S. 1493 is a Senate bill (S.) introduced in the 119th U.S. Congress, originating in the Senate. Official title: Livestock Indemnity Program Improvement Act of 2025.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for S. 1493 are available on congress.gov.
Bill data: congress.gov API (official congressional records).