United States · Bill · S
S. 3419 (116th)
SALE Act of 2020
Introduced
9 March 2020
Last action
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Status
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Sponsors
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Subjects
Discovery layer
Source updated
14 January 2025
Summary
Securing All Livestock Equitably Act of 2020 or the SALE Act of 2020 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.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 9 March 2020
Introduced in Senate (PDF)
Introduced in Senate · EN · 9 March 2020
Introduced in Senate
summary · EN · 9 March 2020
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/3419
- Open data entity: https://api.congress.gov/v3/bill/116/s/3419