Bill > HR4140

This bill, known as the Butcher Block Act, aims to make improvements to the pricing of cattle in the United States. The key provisions of the bill include: 1. Authorizing the Secretary of Agriculture to make or guarantee loans for the purpose of increasing capacity of livestock and poultry processing, facilitating economic opportunity for producers, diversifying processing ownership, and improving processing capacity or employment. The bill sets eligibility criteria for loan recipients and limits the maximum loan amount to $50 million, with exceptions for cooperative organizations. 2. Allowing the Secretary to make grants to expand, diversify, and increase capacity in livestock or poultry processing activities, improve compliance with relevant regulations, identify and reduce barriers to entry for new processors, and update or improve existing facilities. The bill sets eligibility criteria for grant recipients and outlines the permissible uses of the grant funds. The bill also includes provisions for preferential treatment in loan and grant decisions for applicants with experience in livestock and poultry processing and the ability to quickly scale up processing capacity in the region.

Agriculture and Natural Resources, Budget and Finance

https://www.congress.gov/bill/117th-congress/house-bill/4140/all-info