US HB7501 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on July 9 2020 - 25% progression, died in committee
Action: 2020-09-03 - Referred to the Subcommittee on Livestock and Foreign Agriculture.
Pending: House Subcommittee on Livestock and Foreign Agriculture Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 9 2020 - 25% progression, died in committee
Action: 2020-09-03 - Referred to the Subcommittee on Livestock and Foreign Agriculture.
Pending: House Subcommittee on Livestock and Foreign Agriculture Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Establishes that a minimum of 50% of a covered packer's weekly volume of livestock slaughter must be purchased through spot market sales from nonaffiliated producers. (The term covered packer applies to a packer that is required to report to the Department of Agriculture each reporting day information on the price and quantity of livestock purchased by such packer and does not include a packer that owns only one livestock processing plant.) A spot market sale is a purchase and sale of livestock by a packer from a producer under (1) an agreement that specifies a firm base price that may be equated with a fixed dollar amount on the date the agreement is entered into, (2) which the livestock are slaughtered not more than 14 days after the date on which the agreement is entered into, and (3) circumstances in which a reasonable competitive bidding opportunity exists on the date on which the agreement is entered into.
Title
To amend the Agricultural Marketing Act of 1946 to foster efficient markets and increase competition and transparency among packers that purchase livestock from producers.
Sponsors
Rep. Cindy Axne [D-IA] | Rep. Abby Finkenauer [D-IA] | Rep. David Loebsack [D-IA] |
History
Date | Chamber | Action |
---|---|---|
2020-09-03 | House | Referred to the Subcommittee on Livestock and Foreign Agriculture. |
2020-07-09 | House | Referred to the House Committee on Agriculture. |
2020-07-09 | House | Introduced in House |
Same As/Similar To
SB3693 (Same As) 2020-05-12 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (Sponsor introductory remarks on measure: CR S2380-2381)
Subjects
Agricultural marketing and promotion
Agricultural prices, subsidies, credit
Agriculture and food
Livestock
Meat
Agricultural prices, subsidies, credit
Agriculture and food
Livestock
Meat
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/7501/all-info |
Text | https://www.congress.gov/116/bills/hr7501/BILLS-116hr7501ih.pdf |