[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5883 Enrolled Bill (ENR)]

        H.R.5883

                     One Hundred Fourteenth Congress

                                 of the

                        United States of America


                          AT THE SECOND SESSION

           Begun and held at the City of Washington on Monday,
           the fourth day of January, two thousand and sixteen


                                 An Act


 
  To amend the Packers and Stockyards Act, 1921, to clarify the duties 
relating to services furnished in connection with the buying or selling 
  of livestock in commerce through online, video, or other electronic 
                    methods, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
    This Act may be cited as the ``Clarification of Treatment of 
Electronic Sales of Livestock Act of 2016''.
SEC. 2. DEFINITION OF MARKET AGENCY.
    (a) In General.--Section 301(c) of the Packers and Stockyards Act, 
1921 (7 U.S.C. 201(c)) is amended--
        (1) by striking ``; and'' at the end and inserting a period; 
    and
        (2) by adding at the end the following: ``Beginning on the date 
    of the enactment of the Clarification of Treatment of Electronic 
    Sales of Livestock Act of 2016, such term includes any person who 
    engages in the business of buying or selling livestock, on a 
    commission or other fee basis, through the use of online, video, or 
    other electronic methods when handling or providing the means to 
    handle receivables or proceeds from such buying or selling, so long 
    as such person's annual average of online, video, or electronic 
    sales of livestock, on a commission or other fee basis, exceeds 
    $250,000.''.
    (b) Technical Amendments.--Section 301 of the Packers and 
Stockyards Act, 1921 (7 U.S.C. 201) is amended--
        (1) in the matter preceding subsection (a), by striking ``When 
    used in this Act--'' and inserting ``In this Act:'';
        (2) in subsection (a), by striking the semicolon at the end and 
    inserting a period; and
        (3) in subsection (b)--
            (A) by striking ``weighting'' and inserting ``weighing''; 
        and
            (B) by striking the semicolon at the end and inserting a 
        period.
SEC. 3. METHODS TO TRANSFER FUNDS.
    Section 409(a) of the Packers and Stockyards Act, 1921 (7 U.S.C. 
228b(a)) is amended--
        (1) in the first proviso, by striking ``shall wire transfer 
    funds to the seller's account'' each place it appears and inserting 
    ``shall transfer funds for the full amount of the purchase price to 
    the account of the seller by wire, electronic funds transfer, or 
    any other expeditious method determined appropriate by the 
    Secretary''; and
        (2) in the second proviso, by striking ``or dealer shall wire 
    transfer funds'' and inserting ``or dealer shall transfer funds for 
    the full amount of the purchase price by wire, electronic funds 
    transfer, or any other expeditious method determined appropriate by 
    the Secretary''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.