H.R.5883 - Clarification of Treatment of Electronic Sales of Livestock Act of 2016114th Congress (2015-2016)
| Sponsor: | Rep. Rouzer, David [R-NC-7] (Introduced 07/14/2016) |
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| Committees: | House - Agriculture |
| Committee Reports: | H. Rept. 114-768 |
| Latest Action: | 10/07/2016 Became Public Law No: 114-237. (TXT | PDF) (All Actions) |
Tracker:
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Subject — Policy Area:
- Agriculture and Food
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Summary (5)
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Text (6)
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Actions (17)
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Titles (6)
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Amendments (0)
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Cosponsors (12)
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Committees (1)
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Related Bills (1)
Summary: H.R.5883 — 114th Congress (2015-2016)All Bill Information (Except Text)
Shown Here:
Public Law No: 114-237 (10/07/2016)
(This measure has not been amended since it was reported to the House on September 20, 2016. The summary of that version is repeated here.)
Clarification of Treatment of Electronic Sales of Livestock Act of 2016
(Sec. 2) This bill amends the Packers and Stockyards Act, 1921 to expand the definition of "marketing agency" to include any person who engages in the business of buying or selling livestock, on a commission or other fee basis, through the use of online, video, or other electronic methods. The term "marketing agency" does not include a person whose annual average of online, video, or electronic sales of livestock, on a commission or other fee basis, is less than $250,000.
(Sec. 3) The bill also permits electronic funds transfers and other expeditious payment methods that the Department of Agriculture determines to be appropriate to be used as options for meeting prompt payment requirements for livestock purchases.