legislation: 116-s-4647

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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
116-s-4647 116 s 4647 Cattle Market Transparency Act of 2020 Agriculture and Food 2020-09-22 2020-09-22 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Senate Sen. Fischer, Deb [R-NE] NE R F000463 2 Cattle Market Transparency Act of 2020 This bill directs the Department of Agriculture (USDA) to establish and maintain a library or catalog of each type of contract offered by packers to producers for the purchase of all or part of the production of fed cattle (including cattle that are purchased or committed for delivery). Fed cattle means a steer or heifer that has been feeding on a ration of roughage and feed concentrates prior to slaughter, including grains, protein meal, grass, and other nutrient-rich feeds. USDA must create and maintain a publicly available library of the types of contracts that are being offered by packers to, and are open to acceptance by, producers for the purchase of fed cattle. Additionally, USDA must also establish regional mandatory minimum thresholds to enhance price discovery and transparency for cattle market participants. Further, the bill revises daily reporting requirements for packer processing plants by requiring them to include the number of cattle scheduled to be delivered for slaughter each day for the subsequent 14 days. 2023-01-11T13:44:44Z  

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