SALE Act of 2018

Summary

Securing All Livestock Equitably Act of 2018 or the SALE Act of 201 8 This bill amends the Packers and Stockyards Act, 1921 to require 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 $250,000. A dealer and cash seller may voluntarily waive the requirement using a written agreement that meets specified requirements. The bill also specifies requirements regarding enforcement, preserving a trust, notifying lien holders, and purchasing or transferring livestock that is subject to a trust.

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Timeline

1. 26 June 2018

   Introduced

   Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

   Source: IntroReferral

2. 26 June 2018

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 26 June 2018 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 26 June 2018

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 26 June 2018

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 26 June 2018

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Inhofe, James M. [R-OK] · R · Sponsor
• Sen. Daines, Steve [R-MT] · R · Sponsor
• Sen. Moran, Jerry [R-KS] · R · Sponsor
• Sen. Fischer, Deb [R-NE] · R · Sponsor
• Sen. Tester, Jon [D-MT] · D · Cosponsor
• Sen. Heitkamp, Heidi [D-ND] · D · Cosponsor
• Sen. Thune, John [R-SD] · R · Cosponsor
• Sen. Wicker, Roger F. [R-MS] · R · Cosponsor
• Sen. Ernst, Joni [R-IA] · R · Cosponsor
• Sen. Capito, Shelley Moore [R-WV] · R · Cosponsor
• Sen. McCaskill, Claire [D-MO] · D · Cosponsor
• · ssaf00 · Standing

Related records

• related to → SALE Act of 2017