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Cattle Contract Library Act: Enhancing Market Transparency for Producers

This Act establishes a library of contracts between cattle producers and packers, aiming to increase market transparency. Producers will gain access to information on contract types, which can help them make business decisions. The Act also introduces reporting requirements and defines violations for failure to provide information.
Key points
A cattle contract library will be established, containing information on contract types offered to producers by packers.
The library will provide information on contract types, duration, base prices, premiums, and discounts.
Weekly or monthly reports on the number of cattle under contract and available contracts will be published.
Grants are authorized for producer education on utilizing market data, including information from the new library.
It is unlawful for packers to willfully fail to provide accurate information or comply with other Act requirements.
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VOTING RESULTS
2021-12-08
97%
For 411
Against 13
Abstain 0
Full voting results open_in_new
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_5609
Sponsor: Rep. Johnson, Dusty [R-SD-At Large]
Process start date: 2021-10-19
Voting date: 2021-12-08
Meeting no: 1
Voting no: 409