US HR6067

Bill

SALE Act of 2020 Securing All Livestock Equitably Act of 2020

Introduced
03/03/2020

In Committee
08/13/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Packers and Stockyards Act, 1921, to provide for the establishment of a trust for the benefit of unpaid cash sellers of livestock, and for other purposes. This bill requires all livestock purchased by a dealer in cash sales and all inventories of, or receivables or proceeds from, such livestock to be held by the dealer in a trust until all unpaid cash sellers of the livestock have been paid. The bill exempts from the requirement any dealer whose average annual purchases of livestock do not exceed $100,000. The bill also specifies requirements regarding enforcement, preserving a trust, notifying lien holders, and purchasing or transferring livestock that is subject to a trust.

AI Summary

This bill, the Securing All Livestock Equitably (SALE) Act of 2020, amends the Packers and Stockyards Act of 1921 to establish a statutory trust for the benefit of unpaid cash sellers of livestock. The bill requires all livestock purchased by a dealer in cash sales, as well as any related inventories, receivables, or proceeds, to be held in trust until the unpaid cash sellers have been fully paid. The bill exempts dealers whose average annual livestock purchases do not exceed $100,000. It also outlines the process for preserving the trust, notifying lien holders, and purchasing or transferring livestock subject to the trust. The Secretary of Agriculture is granted the authority to appoint a trustee, serve as a trustee, or file suit to enforce the trust if a dealer fails to perform the required duties.

Committee Categories

Agriculture and Natural Resources

Sponsors (19)

Roger Marshall (R)*, Don Bacon (R), Sanford Bishop (D), Anthony Brindisi (D), Cheri Bustos (D), Liz Cheney (R), James Comer (R), Jim Costa (D), TJ Cox (D), Angie Craig (D), Rick Crawford (R), Rodney Davis (R), Jeff Fortenberry (R), James Hagedorn (R), Josh Harder (D), Vicky Hartzler (R), Dusty Johnson (R), Trent Kelly (R), Terri Sewell (D),

Last Action

Referred to the Subcommittee on Livestock and Foreign Agriculture. (on 08/13/2020)

Official Document

https://www.congress.gov/bill/116th-congress/house-bill/6067/all-info

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/116th-congress/house-bill/6067/all-info
BillText	https://www.congress.gov/116/bills/hr6067/BILLS-116hr6067ih.pdf
Bill	https://www.congress.gov/116/bills/hr6067/BILLS-116hr6067ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR6800	The Heroes Act	Committee on Small Business and Entrepreneurship. Hearings held.	Related
HRes967	Providing for consideration of the resolution (H. Res. 965) authorizing remote voting by proxy in the House of Representatives and providing for official remote committee proceedings during a public health emergency due to a novel coronavirus, and for other purposes; providing for consideration of the bill (H.B. 6800) making emergency supplemental appropriations for the fiscal year ending September 30, 2020, and for other purposes; providing for proceedings during the period from May 19, 2020, t	Motion to reconsider laid on the table Agreed to without objection.	Similar To
S3419	SALE Act of 2020 Securing All Livestock Equitably Act of 2020	Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.	Related

Bill > HR6067

US HR6067

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (19)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary