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New Cattle Trading Rules: Enhanced Price Transparency and Fairness

This act changes how cattle are traded to increase price transparency and give farmers a stronger negotiating position. Citizens can expect more stable meat prices and greater fairness in the market, which may affect food costs.
Key points
Creation of a public database of cattle purchase contracts, making it easier for farmers to compare offers.
Introduction of minimum requirements for negotiated cattle purchases, aiming to strengthen farmers' positions.
Faster reporting of cattle carcass weight data, increasing market information availability.
Increased penalties for non-compliance with new regulations, ensuring their effectiveness.
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Expired
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Additional Information
Print number: 117_HR_5992
Sponsor: Rep. Axne, Cynthia [D-IA-3]
Process start date: 2021-11-17
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Cattle Price Discovery and Transparency Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5992.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-11-17.

What are the main provisions?

Key points include:

  • Creation of a public database of cattle purchase contracts, making it easier for farmers to compare offers.
  • Introduction of minimum requirements for negotiated cattle purchases, aiming to strengthen farmers' positions.
  • Faster reporting of cattle carcass weight data, increasing market information availability.
  • Increased penalties for non-compliance with new regulations, ensuring their effectiveness.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Axne, Cynthia [D-IA-3].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Livestock and Foreign Agriculture.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Agriculture Economy