legislation: 104-s-1758

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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-1758 104 s 1758 Packers and Stockyards Improvement Act of 1996 Agriculture and Food 1996-05-15 1996-05-15 Read twice and referred to the Committee on Agriculture. Senate Sen. Pressler, Larry [R-SD] SD R P000513 0 Packers and Stockyards Improvement Act of 1996 - 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. Revises certain business recordkeeping requirements, including elimination of fine and imprisonment provisions. Includes formula-priced cattle in the definition of captive supply for data collection purposes. 2025-08-21T20:14:12Z  

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