Quality Loss Adjustment Improvement for Farmers Act
This bill requires the Federal Crop Insurance Corporation to conduct a review of quality loss adjustment procedures every five years starting in 2025, with each review completed within one year. It mandates stakeholder engagement from regionally diverse agricultural groups for each crop commodity during these reviews and requires the Corporation to report findings, procedural changes, and stakeholder input to Congress. For soybean growers, it adds a requirement to establish regional discount factors during disasters or salvage markets, which must be included in both reviews and congressional reports. The bill directly affects farmers using crop insurance, particularly soybean producers, by changing how quality loss adjustments are reviewed and documented.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
President
Introduced Jan 15, 2025
Last action Feb 14, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
0
Committee
2
Feb 14, 2025
Committee
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
lower
Jan 15, 2025
Committee
Referred to the House Committee on Agriculture.
lower
Jan 15, 2025
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Julia Letlow
RRepublican
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