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LIP Enhancement Act of 2024

9/4/2024, 8:05 AM

Summary of Bill HR 8229

The "LIP Enhancement Act of 2024" was introduced in the 118th Congress on May 2, 2024. The bill, designated as H.R. 8229, aims to enhance the Low-Income Pool (LIP). Specific details of the provisions or directives within the bill are not provided in the context object. Further information on the purpose and key components can be accessed through the official PDF version of the bill available at the provided link.

Congressional Summary of HR 8229

Livestock Indemnity Program Enhancement Act of 2024 or the LIP Enhancement Act of 2024

This bill expands coverage under the Livestock Indemnity Program (LIP) to include unborn livestock as LIP-eligible livestock losses.

The bill applies to unborn livestock death losses (i.e., losses of any livestock that was gestating on the date of the death of the livestock) incurred on or after January 1, 2024.

LIP is a Farm Service Agency 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).

Read the Full Bill

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Current Status of Bill HR 8229

Bill HR 8229 is currently in the status of Bill Introduced since May 2, 2024. Bill HR 8229 was introduced during Congress 118 and was introduced to the House on May 2, 2024.  Bill HR 8229's most recent activity was Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. as of September 3, 2024

Bipartisan Support of Bill HR 8229

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

Policy Area and Potential Impact of Bill HR 8229

Primary Policy Focus

Agriculture and Food

Alternate Title(s) of Bill HR 8229

LIP Enhancement Act of 2024
LIP Enhancement Act of 2024
Livestock Indemnity Program Enhancement Act of 2024
To amend the Agricultural Act of 2014 to establish additional payments for unborn livestock under the livestock indemnity payment program.

Comments

Sponsors and Cosponsors of HR 8229

Ronny Jackson
Ronny Jackson
TexasRepublican

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