[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5883 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 5883

 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.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 14, 2016

  Mr. Rouzer introduced the following bill; which was referred to the 
                        Committee on Agriculture

_______________________________________________________________________

                                 A BILL


 
 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 ``Technical and Clarifying Amendments 
to the Packers and Stockyards Act of 2016''.

SEC. 2. DEFINITION OF MARKET AGENCY.

    (a) In General.--Section 301 of the Packers and Stockyards Act, 
1921 (7 U.S.C. 201) is amended by striking subsection (c) and inserting 
the following:
    ``(c) The term `market agency' means any person engaged in the 
business of--
            ``(1) buying or selling in commerce livestock on a 
        commission basis;
            ``(2) furnishing stockyard services; or
            ``(3) buying or selling livestock in commerce through 
        online, video, or other electronic methods on a commission or 
        other fee basis when handling or providing a means to handle 
        receivables or proceeds from the sale of that livestock.''.
    (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 
        ``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), 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 to the account of the seller 
        by wire, electronic fund transfer, or any other expeditious 
        method determined appropriate by the Secretary''; and
            (2) in the second proviso, by striking ``shall wire 
        transfer funds'' and inserting ``shall transfer funds by wire, 
        electronic fund transfer, or any other expeditious method 
        determined appropriate by the Secretary''.
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