This bill proposes to amend the Federal Meat Inspection Act to expand exemptions from federal inspection requirements for certain livestock owners. It modifies existing language to allow any person who is an owner of animals in whole or in part to slaughter, prepare, and transport meat from those animals. This processing must be exclusively for the use of the owner, their household, nonpaying guests, or employees, broadening the scope beyond just animals raised by the individual. A key new provision stipulates that if an owner uses an agent to assist in these processes, the owner must maintain custody and specific identification of the carcasses or meat products, as determined by the Secretary. This aims to provide flexibility while ensuring accountability for meat processed under this exemption.