S 3419 · 116th Congress 2019–2021, ended

SALE Act of 2020

Introduced Mar 9, 2020 Originated Senate Sponsor James M. Inhofe R-OK

Fact sheet Spreadsheet

Latest action · Mar 9, 2020 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedMar 9, 2020
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Securing All Livestock Equitably Act of 2020 or the SALE Act of 2020

This bill requires 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 $100,000.

The bill also specifies requirements regarding enforcement, preserving a trust, notifying lien holders, and purchasing or transferring livestock that is subject to a trust.

Cosponsors 20

Members who signed on, in the order they did. Signatures ran from Mar 9, 2020 to Nov 9, 2020; 8 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
R-IAChuck GrassleyOriginalMar 9, 2020
R-MSCindy Hyde-SmithOriginalMar 9, 2020
R-NDJohn HoevenOriginalMar 9, 2020
D-MTJon TesterOriginalMar 9, 2020
R-IAJoni ErnstOriginalMar 9, 2020
R-NDKevin CramerOriginalMar 9, 2020
R-MTSteve DainesOriginalMar 9, 2020
D-MNTina SmithOriginalMar 9, 2020
R-KSJerry MoranMar 10, 2020
R-WVShelley Moore CapitoMar 10, 2020
R-SDJohn ThuneMay 7, 2020
D-ALDoug JonesMay 12, 2020
R-NEDeb FischerMay 18, 2020
R-TNMarsha BlackburnJun 30, 2020
R-WYJohn BarrassoJul 21, 2020
R-WYMichael B. EnziJul 21, 2020
R-ARJohn BoozmanJul 23, 2020
R-ARTom CottonJul 27, 2020
R-FLMarco RubioSep 15, 2020
R-NEBen SasseNov 9, 2020

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
SenateAgriculture, Nutrition, and Forestry Committee
Referred Mar 9, 2020

Actions 2

Everything that happened, newest first.

  1. Mar 9, 2020Introduced in Senate
  2. Mar 9, 2020Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 6067SALE Act of 2020Related billAug 13, 2020

Titles 3

Every title it has carried, official and short, at each stage.

Official Title as Introduced
A bill to amend the Packers and Stockyards Act, 1921, to provide for the establishment of a trust for the benefit of all unpaid cash sellers of livestock, and for other purposes.
Short Title(s) as Introduced
SALE Act of 2020
Securing All Livestock Equitably Act of 2020

Subjects

Assigned by the Library of Congress. Policy area: Agriculture and Food.

Text 1

Each version as it was printed, newest first.

  1. Mar 9, 2020Introduced in Senate

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.