H.R. 442

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 442 Introduced in House (IH)]

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119th CONGRESS
1st Session
H. R. 442

To amend the Federal Crop Insurance Act to modify a provision relating 
to quality loss adjustment coverage.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

January 15, 2025

Ms. Letlow introduced the following bill; which was referred to the 
Committee on Agriculture

_______________________________________________________________________

A BILL

To amend the Federal Crop Insurance Act to modify a provision relating 
to quality loss adjustment coverage.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Quality Loss Adjustment Improvement 
for Farmers Act''.

SEC. 2. QUALITY LOSS ADJUSTMENT COVERAGE.

Section 508(m) of the Federal Crop Insurance Act (7 U.S.C. 1508(m)) 
is amended--
(1) in paragraph (3)--
(A) by striking subparagraph (A) and inserting the 
following:
``(A) Periodic review.--Beginning in calendar year 
2025, and once every 5 years thereafter, the 
Corporation shall contract with a qualified person to 
conduct a review of the quality loss adjustment 
procedures of the Corporation, each of which shall be 
completed not later than 1 year after the date of 
commencement of the review.'';
(B) in subparagraph (B), by striking ``Effective 
beginning not later than the 2004 reinsurance year, 
based on the review, the Corporation'' and inserting 
``Based on each review conducted under subparagraph 
(A), the Corporation'';
(C) by redesignating subparagraph (B) as 
subparagraph (C);
(D) by inserting after subparagraph (A) the 
following:
``(B) Stakeholder engagement.--Each review under 
subparagraph (A) shall include engagement from 
regionally diverse industry stakeholders for each 
agricultural commodity for which a quality loss 
adjustment is offered.''; and
(E) by adding at the end the following:
``(D) Report.--On the completion of each review 
under subparagraph (A), the Corporation shall submit to 
the Committee on Agriculture, Nutrition, and Forestry 
of the Senate and the Committee on Agriculture of the 
House of Representatives a report that describes--
``(i) findings from that review;
``(ii) changes to the quality loss 
adjustment procedures; and
``(iii) the stakeholder engagement for that 
review pursuant to subparagraph (B).''; and
(2) by adding at the end the following:
``(7) Regional discount factors for soybeans.--
``(A) Definition of covered declaration.--In this 
paragraph, the term `covered declaration' means--
``(i) a disaster declaration by the 
Secretary;
``(ii) a major disaster declared by the 
President under section 401 of the Robert T. 
Stafford Disaster Relief and Emergency 
Assistance Act (42 U.S.C. 5170); or
``(iii) an emergency declared by the 
President under section 501 of that Act (42 
U.S.C. 5191).
``(B) Discount factor.--In the event of a covered 
declaration for a State or region, or the occurrence of 
a salvage market for soybeans in a State or region, the 
Corporation shall establish a State or regional 
discount factor, as applicable, to reflect the average 
quality discounts applied to the local or regional 
market prices of the soybean crop.
``(C) Reporting requirement.--Any State or regional 
discount factor established under subparagraph (B) 
shall be included in--
``(i) the applicable periodic review 
conducted under paragraph (3)(A); and
``(ii) the report described in paragraph 
(3)(D).''.
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