3.0.0 1026 2019-11-15T21:47:28Z 2019-11-15T21:47:28Z Senate S S 2011-05-19 112 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Standing Referred to 2011-05-19T16:44:03Z Livestock Marketing Fairness Act 112 2631 HR 2011-08-10 Referred to the Subcommittee on Livestock, Dairy, and Poultry. Identical bill CRS 2011-05-19 ssaf00 Agriculture, Nutrition, and Forestry Committee Senate Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. IntroReferral 2011-05-19 Sponsor introductory remarks on measure. (CR S3175-3176) IntroReferral B00100 9 Library of Congress 2011-05-19 Introduced in Senate IntroReferral 10000 9 Library of Congress E000285 Sen. Enzi, Michael B. [R-WY] MICHAEL ENZI R WY B. N J000177 Sen. Johnson, Tim [D-SD] TIM JOHNSON D SD 2011-05-19 True G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. 2011-05-19 True T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2011-05-19 True Agriculture and Food Agricultural marketing and promotion Agricultural prices, subsidies, credit Contracts and agency Livestock Agriculture and Food 00 2011-05-19 Introduced in Senate 2011-10-03T15:16:31Z Livestock Marketing Fairness Act - Amends the Packers and Stockyards Act, 1921 to prohibit a livestock sale forward contract (with an exception for specified cooperatives) that: (1) does not contain a firm base price that may be equated to a fixed dollar amount on the contract day; (2) is not offered for open public bid; (3) is based on a formula price; or (4) provides for the sale of more than 40 cattle, 30 swine, or other livestock in a quantity as determined by the Secretary of Agriculture (USDA).

Defines: (1) "firm base price" as a transaction using an external source reference price; (2) "formula price" as any price term that establishes a base from which a purchase price is calculated on the basis of a price that will not be determined or reported until a date after the forward price is established (with specified exclusions); and (3) "forward contract" as a livestock purchase contract that provides for livestock delivery to a packer at a date that is more than seven days after the date on which the contract is entered into, without regard to whether the contract is for a specified lot of livestock or a specified number of livestock over a certain period of time.

]]> Livestock Marketing Fairness Act Short Titles as Introduced Livestock Marketing Fairness Act Display Title Livestock Marketing Fairness Act Official Title as Introduced A bill to amend the Packers and Stockyards Act, 1921, to prohibit the use of certain anti-competitive forward contracts. Introduced in Senate 2011-05-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s1026is/xml/BILLS-112s1026is.xml 2011-05-19 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.