II 

118TH CONGRESS 

2D SESSION S. 4353 

To amend the Federal Crop Insurance Act to modify a provision relating 

to quality loss adjustment coverage. 

IN THE SENATE OF THE UNITED STATES 

MAY 16, 2024 

Mr. KENNEDY introduced the following bill; which was read twice and referred 

to the Committee on Agriculture, Nutrition, and Forestry 

A BILL 

To amend the Federal Crop Insurance Act to modify a 

provision relating to quality loss adjustment coverage. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Quality Loss Adjust5 ment Improvement for Farmers Act’’. 

6 SEC. 2. QUALITY LOSS ADJUSTMENT COVERAGE. 

7 Section 508(m) of the Federal Crop Insurance Act 

8 (7 U.S.C. 1508(m)) is amended— 

9 (1) in paragraph (3)— 


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1 (A) by striking subparagraph (A) and in2 serting the following: 

3 ‘‘(A) PERIODIC REVIEW.—Beginning in 

4 calendar year 2024, and once every 5 years 

5 thereafter, the Corporation shall contract with a 

6 qualified person to conduct a review of the qual7 ity loss adjustment procedures of the Corpora8 tion, each of which shall be completed not later 

9 than 1 year after the date of commencement of 

10 the review.’’; 

11 (B) in subparagraph (B), by striking ‘‘Ef12 fective beginning not later than the 2004 rein13 surance year, based on the review, the Corpora14 tion’’ and inserting ‘‘Based on each review con15 ducted under subparagraph (A), the Corpora16 tion’’; 

17 (C) by redesignating subparagraph (B) as 

18 subparagraph (C); 

19 (D) by inserting after subparagraph (A) 

20 the following: 

21 ‘‘(B) STAKEHOLDER ENGAGEMENT.—Each 

22 review under subparagraph (A) shall include en23 gagement from regionally diverse industry 

24 stakeholders for each agricultural commodity 


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1 for which a quality loss adjustment is offered.’’; 

2 and 

3 (E) by adding at the end the following: 

4 ‘‘(D) REPORT.—On the completion of each 

5 review under subparagraph (A), the Corpora6 tion shall submit to the Committee on Agri7 culture, Nutrition, and Forestry of the Senate 

8 and the Committee on Agriculture of the House 

9 of Representatives a report that describes— 

10 ‘‘(i) findings from that review; 

11 ‘‘(ii) changes to the quality loss ad12 justment procedures; and 

13 ‘‘(iii) the stakeholder engagement for 

14 that review under subparagraph (B).’’; and 

15 (2) by adding at the end the following: 

16 ‘‘(7) REGIONAL DISCOUNT FACTORS FOR SOY17 BEANS.— 

18 ‘‘(A) DEFINITION OF COVERED DECLARA19 TION.—In this paragraph, the term ‘covered 

20 declaration’ means— 

21 ‘‘(i) a disaster declaration by the Sec22 retary; 

23 ‘‘(ii) a major disaster declared by the 

24 President under section 401 of the Robert 


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1 T. Stafford Disaster Relief and Emergency 

2 Assistance Act (42 U.S.C. 5170); and 

3 ‘‘(iii) an emergency declared by the 

4 President under section 501 of that Act 

5 (42 U.S.C. 5191). 

6 ‘‘(B) DISCOUNT FACTOR.—In the event of 

7 a covered declaration for a State or region, or 

8 the occurrence of a salvage market for soybeans 

9 in a State or region, the Corporation shall es10 tablish a State or regional discount factor, as 

11 applicable, to reflect the average quality dis12 counts applied to the local or regional market 

13 prices of the soybean crop. 

14 ‘‘(C) REPORTING REQUIREMENT.—Any 

15 State or regional discount factor established 

16 under subparagraph (B) shall be included in— 

17 ‘‘(i) the applicable periodic review con18 ducted under paragraph (3)(A); and 

19 ‘‘(ii) the report described in para20 graph (3)(D).’’. 

Æ 


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