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Cattle Price Transparency Act: New Rules for Ranchers and Processors

This act aims to increase transparency and fairness in the cattle market. It introduces new rules for price and contract reporting, which may help ranchers get better prices for their animals. Citizens might feel an indirect impact through more stable meat prices.
Key points
Establishes a public library of cattle purchase contracts, allowing ranchers to negotiate better prices.
Introduces mandatory minimum levels for cattle purchases through open negotiations, aiming to increase competition.
Increases the frequency and detail of market data reporting, improving information access for all market participants.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_7639
Sponsor: Rep. Axne, Cynthia [D-IA-3]
Process start date: 2022-05-03
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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 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7639.

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 2022-05-03.

What are the main provisions?

Key points include:

  • Establishes a public library of cattle purchase contracts, allowing ranchers to negotiate better prices.
  • Introduces mandatory minimum levels for cattle purchases through open negotiations, aiming to increase competition.
  • Increases the frequency and detail of market data reporting, improving information access for all market participants.
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