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Cattle Price Discovery and Transparency Act of 2022

USA117th CongressHR-7639| House 
| Updated: 5/19/2022
Cynthia Axne

Cynthia Axne

Democratic Representative

Iowa

Cosponsors (9)
Ashley Hinson (Republican)Mariannette Miller-Meeks (Republican)Alma S. Adams (Democratic)Vicky Hartzler (Republican)Randy Feenstra (Republican)Elissa Slotkin (Democratic)Katie Porter (Democratic)Susan Wild (Democratic)Mike Levin (Democratic)

Livestock, Dairy, and Poultry Subcommittee, Agriculture Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Cattle Price Discovery and Transparency Act of 2022 This bill requires the Department of Agriculture (USDA) to take various actions to address transparency in contract terms and pricing in the cattle industry. Among these requirements, USDA must maintain a publicly available library or catalog of contracts entered into between meat packers and livestock producers for the purchase of cattle, including any schedules of premiums or discounts associated with the contracts and other specific details. USDA must make this information available to producers and other interested parties in a monthly report. The bill further requires USDA to establish five to seven regions encompassing the entire continental United States that reasonably reflect similar fed cattle purchase practices for processing plants and establish mandatory minimums for each region (i.e., the minimum percentage of cattle purchases that are required to be made through approved pricing mechanisms from producers that are not packers). Under the bill, approved pricing mechanisms are generally purchases of fed cattle made through a negotiated purchase, through a negotiated grid purchase, at a stockyard, or through trading systems or platforms where multiple buyers and sellers can regularly make and accept bids and offers. The bill also establishes a maximum penalty for mandatory minimum violations by covered packers. Under the bill, a covered packer is a packer that has slaughtered an average of 5% or more of the number of fed cattle slaughtered nationally during the immediately preceding five calendar years.
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Timeline
May 3, 2022
Introduced in House
May 3, 2022
Referred to the House Committee on Agriculture.
May 19, 2022
Referred to the Subcommittee on Livestock and Foreign Agriculture.
Jul 11, 2022

Latest Companion Bill Action

S 117-4030
Committee on Agriculture, Nutrition, and Forestry. Reported by Senator Stabenow with an amendment. Without written report.
  • May 3, 2022
    Introduced in House


  • May 3, 2022
    Referred to the House Committee on Agriculture.


  • May 19, 2022
    Referred to the Subcommittee on Livestock and Foreign Agriculture.


  • July 11, 2022

    Latest Companion Bill Action

    S 117-4030
    Committee on Agriculture, Nutrition, and Forestry. Reported by Senator Stabenow with an amendment. Without written report.

Agriculture and Food

Related Bills

  • S 117-4030: Cattle Price Discovery and Transparency Act of 2022

Cattle Price Discovery and Transparency Act of 2022

USA117th CongressHR-7639| House 
| Updated: 5/19/2022
Cattle Price Discovery and Transparency Act of 2022 This bill requires the Department of Agriculture (USDA) to take various actions to address transparency in contract terms and pricing in the cattle industry. Among these requirements, USDA must maintain a publicly available library or catalog of contracts entered into between meat packers and livestock producers for the purchase of cattle, including any schedules of premiums or discounts associated with the contracts and other specific details. USDA must make this information available to producers and other interested parties in a monthly report. The bill further requires USDA to establish five to seven regions encompassing the entire continental United States that reasonably reflect similar fed cattle purchase practices for processing plants and establish mandatory minimums for each region (i.e., the minimum percentage of cattle purchases that are required to be made through approved pricing mechanisms from producers that are not packers). Under the bill, approved pricing mechanisms are generally purchases of fed cattle made through a negotiated purchase, through a negotiated grid purchase, at a stockyard, or through trading systems or platforms where multiple buyers and sellers can regularly make and accept bids and offers. The bill also establishes a maximum penalty for mandatory minimum violations by covered packers. Under the bill, a covered packer is a packer that has slaughtered an average of 5% or more of the number of fed cattle slaughtered nationally during the immediately preceding five calendar years.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 3, 2022
Introduced in House
May 3, 2022
Referred to the House Committee on Agriculture.
May 19, 2022
Referred to the Subcommittee on Livestock and Foreign Agriculture.
Jul 11, 2022

Latest Companion Bill Action

S 117-4030
Committee on Agriculture, Nutrition, and Forestry. Reported by Senator Stabenow with an amendment. Without written report.
  • May 3, 2022
    Introduced in House


  • May 3, 2022
    Referred to the House Committee on Agriculture.


  • May 19, 2022
    Referred to the Subcommittee on Livestock and Foreign Agriculture.


  • July 11, 2022

    Latest Companion Bill Action

    S 117-4030
    Committee on Agriculture, Nutrition, and Forestry. Reported by Senator Stabenow with an amendment. Without written report.
Cynthia Axne

Cynthia Axne

Democratic Representative

Iowa

Cosponsors (9)
Ashley Hinson (Republican)Mariannette Miller-Meeks (Republican)Alma S. Adams (Democratic)Vicky Hartzler (Republican)Randy Feenstra (Republican)Elissa Slotkin (Democratic)Katie Porter (Democratic)Susan Wild (Democratic)Mike Levin (Democratic)

Livestock, Dairy, and Poultry Subcommittee, Agriculture Committee

Agriculture and Food

Related Bills

  • S 117-4030: Cattle Price Discovery and Transparency Act of 2022
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted