TEMP Act

HR 7464, the TEMP Act, requires the Federal Crop Insurance Corporation to research and develop index-based insurance for specific crops (like tomatoes, citrus, and strawberries) against frost or cold weather damage. This research must evaluate risk management tools and aim to create policies covering either production or revenue loss from such events. The Corporation must report its findings and recommendations to Congress within one year of the bill's enactment. The bill directly affects farmers growing these frost-vulnerable crops by initiating a process to potentially expand their insurance options.