Cattle Price Discovery and Transparency Act of 2023

3.0.0 1287 2026-01-09T23:09:33Z 2026-01-09T23:09:33Z House H HR 2023-03-01 118 https://www.congress.gov/bill/118th-congress/house-bill/1287 <pre>[Congressional Record Volume 169, Number 39 (Wednesday, March 1, 2023)][House]From the Congressional Record Online through the Government Publishing Office [<a href="https://www.gpo.gov">www.gpo.gov</a>]By Mr. FEENSTRA:H.R. 1287.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8 Clause 4 of the ConstitutionThe single subject of this legislation is:To establish mandatory minimum purchase volumes for packersthrough ``approved pricing mechanisms'', establish a maximumpenalty for covered packers of $90,000 for mandatory minimumviolations, and to create a publicly available library ofmarketing contracts.[Page H1051]</pre> hsag00 Agriculture Committee House Standing hsag29 Livestock, Dairy, and Poultry Subcommittee Referred to 2023-04-04T17:27:26Z Referred To 2023-03-01T14:01:35Z Cattle Price Discovery and Transparency Act of 2023 118 228 S 2023-02-02 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Identical bill CRS 2023-04-04 hsag29 Livestock, Dairy, and Poultry Subcommittee 1 House committee actions Referred to the Subcommittee on Livestock, Dairy, and Poultry. Committee 2023-03-01 Referred to the House Committee on Agriculture. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2023-03-01 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-03-01 Introduced in House IntroReferral 1000 9 Library of Congress F000446 Rep. Feenstra, Randy [R-IA-4] Randy Feenstra R IA 4 N L000593 Rep. Levin, Mike [D-CA-49] Mike Levin D CA 49 2023-03-01 True M001215 Rep. Miller-Meeks, Mariannette [R-IA-1] Mariannette Miller-Meeks R IA 1 2023-03-01 True Agriculture and Food Agricultural marketing and promotion 2023-08-25T22:47:53Z Agricultural prices, subsidies, credit 2023-08-25T22:47:53Z Civil actions and liability 2023-08-25T22:47:53Z Contracts and agency 2023-08-25T22:47:53Z Food industry and services 2023-08-25T22:47:53Z Government information and archives 2023-08-25T22:47:53Z Livestock 2023-08-25T22:47:53Z Mammals 2023-08-25T22:47:53Z Meat 2023-08-25T22:47:53Z Agriculture and Food 2023-03-28T16:47:53Z

00 2023-03-01 Introduced in House 2023-08-14T13:19:04Z Cattle Price Discovery and Transparency Act of 2023 This bill requires the Department of Agriculture (USDA) to take various actions to address transparency in contract terms and pricing in the cattle industry. Among these requirements, USDA must maintain a publicly available library or catalog of contracts entered into between meat packers and livestock producers for the purchase of cattle, including any schedules of premiums or discounts associated with the contracts and other specific details. USDA must make this information available to producers and other interested parties in a monthly report. The bill further requires USDA to establish five to seven regions encompassing the entire continental United States that reasonably reflect similar fed cattle purchase practices for processing plants and establish mandatory minimums for each region (i.e., the minimum percentage of cattle purchases that are required to be made through approved pricing mechanisms from producers that are not packers). Under the bill, approved pricing mechanisms are generally purchases of fed cattle made through a negotiated purchase, through a negotiated grid purchase, at a stockyard, or through trading systems or platforms where multiple buyers and sellers can regularly make and accept bids and offers. The bill also establishes a maximum penalty for mandatory minimum violations by covered packers. Under the bill, a covered packer is a packer that has slaughtered an average of 5% or more of the number of fed cattle slaughtered nationally during the immediately preceding five calendar years.

Cattle Price Discovery and Transparency Act of 2023 Display Title 45 Cattle Price Discovery and Transparency Act of 2023 2024-07-24T15:23:31Z Short Title(s) as Introduced 101 Cattle Price Discovery and Transparency Act of 2023 2024-05-24T13:41:57Z Introduced in House IH Official Title as Introduced 6 To amend the Agricultural Marketing Act of 1946 to establish a cattle contract library, and for other purposes. 2024-03-18T20:24:32Z Introduced in House IH Introduced in House 2023-03-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr1287ih/xml/BILLS-118hr1287ih.xml 2023-04-04 Referred to the Subcommittee on Livestock, Dairy, and Poultry. 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.