Cattle Market Transparency Act of 2020
Latest action · Sep 22, 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.
- IntroducedSep 22, 2020
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from Oct 22, 2020 to Dec 2, 2020.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-MS | Cindy Hyde-Smith | Oct 22, 2020 | |
| R-IN | Mike Braun | Dec 2, 2020 |
Actions 2
Everything that happened, newest first.
- Sep 22, 2020Introduced in Senate
- Sep 22, 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.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 8557 | Cattle Market Transparency Act of 2020 | Identical bill | Oct 9, 2020 |
Subjects
Assigned by the Library of Congress. Policy area: Agriculture and Food.
Text 1
Each version as it was printed, newest first.
- Sep 22, 2020Introduced in Senate
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.