US SB3419 | 2019-2020 | 116th Congress

Status

Spectrum: Moderate Partisan Bill (Republican 18-3)
Status: Introduced on March 9 2020 - 25% progression, died in committee
Action: 2020-03-09 - Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Pending: Senate Agriculture, Nutrition, And Forestry Committee
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

SALE Act of 2020 Securing All Livestock Equitably Act of 2020

Sponsors


History

DateChamberAction
2020-03-09SenateRead twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Same As/Similar To

HB6067 (Related) 2020-08-13 - Referred to the Subcommittee on Livestock and Foreign Agriculture.

Subjects


US Congress State Sources


Bill Comments

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