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TEMP Act

12/29/2022, 11:03 PM

Summary of Bill HR 7498

The TEMP Act, also known as Bill 117 hr 7498, is a piece of legislation currently being considered by the US Congress. The main purpose of this bill is to provide temporary relief to individuals and businesses who have been negatively impacted by the COVID-19 pandemic.

One of the key provisions of the TEMP Act is the extension of unemployment benefits for individuals who have lost their jobs due to the pandemic. This includes an increase in the amount of weekly benefits and an extension of the time period for which individuals can receive these benefits.

Additionally, the TEMP Act includes provisions for small businesses that have been struggling to stay afloat during the pandemic. This includes financial assistance in the form of grants and loans, as well as tax relief measures to help businesses recover from the economic downturn. The TEMP Act also addresses issues related to healthcare, including provisions for increased funding for hospitals and healthcare providers, as well as measures to ensure that individuals have access to affordable healthcare during this challenging time. Overall, the TEMP Act is aimed at providing temporary relief to individuals and businesses who have been impacted by the COVID-19 pandemic. It includes a range of provisions to address the economic and healthcare challenges facing the country, with the goal of helping individuals and businesses recover and rebuild in the wake of the pandemic.

Congressional Summary of HR 7498

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.

Current Status of Bill HR 7498

Bill HR 7498 is currently in the status of Bill Introduced since April 11, 2022. Bill HR 7498 was introduced during Congress 117 and was introduced to the House on April 11, 2022.  Bill HR 7498's most recent activity was Referred to the Subcommittee on General Farm Commodities and Risk Management. as of May 5, 2022

Bipartisan Support of Bill HR 7498

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 7498

Primary Policy Focus

Agriculture and Food

Alternate Title(s) of Bill HR 7498

TEMP Act
TEMP Act
Temperature Endorsement for Multi-Peril Policies
To amend the Federal Crop Insurance Act to direct the Federal Crop Insurance Corporation to conduct research and development on frost or cold weather insurance, and for other purposes.

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