S. 3843 — TEMP Act

This section directs the Federal Crop Insurance Corporation to conduct research and development, or enter into contracts for such work, on an index-based insurance policy available nationwide for crops—including tomatoes, peppers, sugarcane, strawberries, melons, citrus, peaches, blueberries, and others—against losses from frost or cold weather events. The research and development must (1) evaluate the effectiveness of index-based risk management tools for low-frequency, catastrophic weather events and (2) produce a policy offering protection against production loss or revenue loss. Not later than one year after enactment, the Corporation must submit to the House and Senate Agriculture Committees a report describing the results and any recommendations.