Cattle Price Discovery and Transparency Act of 2022

Summary

Cattle Price Discovery and Transparency Act of 2022 This bill requires the Department of Agriculture (USDA) to take various actions to address transparency in contract terms and pricing in the cattle industry. Among these requirements, USDA must maintain a publicly available library or catalog of contracts entered into between meat packers and livestock producers for the purchase of cattle, including any schedules of premiums or discounts associated with the contracts and other specific details. USDA must make this information available to producers and other interested parties in a monthly report. The bill further requires USDA to establish five to seven regions encompassing the entire continental United States that reasonably reflect similar fed cattle purchase practices for processing plants and establish mandatory minimums for each region (i.e., the minimum percentage of cattle purchases that are required to be made through approved pricing mechanisms from producers that are not packers). Under the bill, approved pricing mechanisms are generally purchases of fed cattle made through a negotiated purchase, through a negotiated grid purchase, at a stockyard, or through trading systems or platforms where multiple buyers and sellers can regularly make and accept bids and offers. The bill also establishes a maximum penalty for mandatory minimum violations by covered packers. Under the bill, a covered packer is a packer that has slaughtered an average of 5% or more of the number of fed cattle slaughtered nationally during the immediately preceding five calendar years.

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Timeline

1. 7 April 2022

   Introduced

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

   Source: IntroReferral

2. 7 April 2022

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 26 April 2022

   Committee

   Committee on Agriculture, Nutrition, and Forestry. Hearings held. Hearings printed: S.Hrg. 117-603.

   Source: Committee

4. 22 June 2022

   Reported

   Committee on Agriculture, Nutrition, and Forestry. Ordered to be reported with an amendment favorably.

   Source: Committee

5. 11 July 2022

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 437.

   Source: Calendars

6. 11 July 2022

   Reported

   Committee on Agriculture, Nutrition, and Forestry. Reported by Senator Stabenow with an amendment. Without written report.

   Source: Committee

7. 11 July 2022

   Reported

   Committee on Agriculture, Nutrition, and Forestry. Reported by Senator Stabenow with an amendment. Without written report.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Reported to Senate · 11 July 2022 · Download file
• Introduced in Senate · 7 April 2022 · Download file

Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 11 July 2022

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• Reported to Senate (PDF)

  Reported to Senate · EN · 11 July 2022

  ViewDownloadOpen at official source

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• Reported to Senate

  summary · EN · 11 July 2022

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• Introduced in Senate (text)

  Introduced in Senate · EN · 7 April 2022

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  Vertaal document

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

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 7 April 2022

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  Vertaal document

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

• Introduced in Senate

  summary · EN · 7 April 2022

  Open at official source

  Leesvertaling

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

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  Vertaal document

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Sponsors

• Sen. Fischer, Deb [R-NE] · R · Sponsor
• Sen. Grassley, Chuck [R-IA] · R · Sponsor
• Sen. Tester, Jon [D-MT] · D · Sponsor
• Sen. Wyden, Ron [D-OR] · D · Sponsor
• Sen. Ernst, Joni [R-IA] · R · Sponsor
• Sen. Braun, Mike [R-IN] · R · Sponsor
• Sen. Smith, Tina [D-MN] · D · Sponsor
• Sen. Hyde-Smith, Cindy [R-MS] · R · Sponsor
• Sen. Daines, Steve [R-MT] · R · Sponsor
• Sen. Cassidy, Bill [R-LA] · R · Sponsor
• Sen. Luján, Ben Ray [D-NM] · D · Sponsor
• Sen. Durbin, Richard J. [D-IL] · D · Sponsor
• Sen. Heinrich, Martin [D-NM] · D · Sponsor
• Sen. Warnock, Raphael G. [D-GA] · D · Sponsor
• Sen. Blumenthal, Richard [D-CT] · D · Sponsor
• Sen. Gillibrand, Kirsten E. [D-NY] · D · Sponsor
• Sen. Lummis, Cynthia M. [R-WY] · R · Sponsor
• Sen. Hawley, Josh [R-MO] · R · Sponsor
• Sen. Brown, Sherrod [D-OH] · D · Cosponsor
• Sen. Rounds, Mike [R-SD] · R · Cosponsor
• Sen. Kennedy, John [R-LA] · R · Cosponsor
• · ssaf00 · Standing

Related records

• related to → Cattle Price Discovery and Transparency Act of 2023
• related to ← Cattle Price Discovery and Transparency Act of 2022