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New Index Insurance Policy Research to Protect Farmers from Extreme Weather.

This bill authorizes the government to research and develop a new, simplified insurance policy designed to protect farmers' income from losses caused by extreme weather events like droughts, floods, or wildfires. The goal is to provide faster financial relief and greater stability, especially for small farms, by linking payouts directly to local weather conditions.
Key points
Development of Index Insurance: The new policy will pay out based on the occurrence of a specific weather event (e.g., extreme heat) in a region, rather than requiring individual farm loss assessment.
Rapid Payments: The policy prioritizes making payments within 30 days after a covered weather condition occurs in the farmer's county or an adjacent county.
Flexibility and Support: Farmers can adjust coverage levels to match their actual farm income, and the policy includes special considerations and reduced paperwork for small and underserved producers.
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Additional Information
Print number: 118_S_3401
Sponsor: Sen. Welch, Peter [D-VT]
Process start date: 2023-12-05
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

WEATHER Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3401.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-12-05.

What are the main provisions?

Key points include:

  • Development of Index Insurance: The new policy will pay out based on the occurrence of a specific weather event (e.g., extreme heat) in a region, rather than requiring individual farm loss assessment.
  • Rapid Payments: The policy prioritizes making payments within 30 days after a covered weather condition occurs in the farmer's county or an adjacent county.
  • Flexibility and Support: Farmers can adjust coverage levels to match their actual farm income, and the policy includes special considerations and reduced paperwork for small and underserved producers.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Welch, Peter [D-VT].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Agriculture Economy