legislation: 115-s-3140

Congressional bills and resolutions from Congress.gov, filtered to policy areas relevant to environmental, health, agriculture, and wildlife regulation.

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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
115-s-3140 115 s 3140 SALE Act of 2018 Agriculture and Food 2018-06-26 2018-06-26 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Senate Sen. Inhofe, James M. [R-OK] OK R I000024 10 Securing All Livestock Equitably Act of 2018 or the SALE Act of 2018 This bill amends the Packers and Stockyards Act, 1921 to require all livestock purchased by a dealer in cash sales and all inventories of, or receivables or proceeds from, such livestock to be held by the dealer in a trust until all unpaid cash sellers of the livestock have been paid. The bill exempts from the requirement any dealer whose average annual purchases of livestock do not exceed $250,000. A dealer and cash seller may voluntarily waive the requirement using a written agreement that meets specified requirements. The bill also specifies requirements regarding enforcement, preserving a trust, notifying lien holders, and purchasing or transferring livestock that is subject to a trust. 2023-01-11T13:42:07Z  

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