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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
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 8229
Primary Policy Focus
Agriculture and FoodAlternate 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
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