legislation: 104-s-1707

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
104-s-1707 104 s 1707 A bill to amend the Packers and Stockyards Act, 1921, to establish a trust for the benefit of the seller of livestock until the seller receives payment in full for the livestock, and for other purposes. Agriculture and Food 1996-04-25 1996-04-25 Read twice and referred to the Committee on Agriculture. Senate Sen. Pressler, Larry [R-SD] SD R P000513 0 Amends the Packers and Stockyards Act, 1921 to provide that a livestock dealer or market agency shall hold the proceeds of a cash sale in trust for the seller until the seller receives full payment. Exempts certain small dealers or market agencies from such provision. States that: (1) a dishonored payment instrument shall not constitute a sale (with resultant loss of trust benefit); (2) third-party purchaser rights shall not be affected by such livestock dealer trust; and (3) jurisdiction for related civil matters shall be in U.S. district courts. 2025-01-14T16:41:20Z  

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