S. 786Senate110th Congress (2007-2009)In Committee

A bill to amend the Agricultural Marketing Act of 1946 to foster efficient markets and increase competition and transparency among packers that purchased livestock from producers.

Introduced March 6, 2007

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S2722)

March 6, 2007

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SenateIntro Referral

Introduced in Senate

March 6, 2007

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S2721-2722)

March 6, 2007

SenateIntro Referral

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (text of measure as introduced: CR S2722)

March 6, 2007

Floor Debate

16 members

What members said about S. 786 on the floor

4 Republicans12 Democrats
Richard Burr
Sen. Richard BurrR-NC · Mar 6, 2007

Mr. President, I wish to talk about education, something many in this body take very seriously. I rise today to address the Nation's dropout crisis. Each day that our schools are open, approximately…

Edward M. Kennedy
Sen. Edward M. KennedyD-MA · Mar 6, 2007

Mr. President, one of the most profound economic shifts of the past century has been the entry of women into the workforce in tremendous numbers. In 1900, women made up only 18.4 percent of the…

Larry E. Craig
Sen. Larry E. CraigR-ID · Mar 6, 2007

Mr. President, today I am reintroducing the Withholding Tax Relief Act of 2007, which would repeal Section 511 of the Tax Increase Prevention and Reconciliation Act of 2005. Last year, Congress…

Ken Salazar
Sen. Ken SalazarD-CO · Mar 6, 2007

Mr. President, today I am introducing the Troops to Teachers Improvement Act of 2007, which will help more of our veterans and service members find second careers in our classrooms. This bill will…

Tom Harkin
Sen. Tom HarkinD-IA · Mar 6, 2007

Mr. President, our Nation faces a public health crisis of the first order. Poor diet and physical inactivity are contributing to growing rates of chronic disease in the U.S. These problems do not…

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John D. Rockefeller IV
Sen. John D. Rockefeller IVD-WV · Mar 6, 2007

Mr. President, I am proud today to join with my colleagues, Senator Kohl, Senator Coleman, Senator Feingold, and Senator Vitter, to introduce the Railroad Antitrust Enforcement Act of 2007. If…

Barack Obama
Sen. Barack ObamaD-IL · Mar 6, 2007

Mr. President, 33 years ago, this Nation faced a crisis that touched every American. In 1973, in the shadow of a war against Israel, the Arab nations of OPEC decided to embargo shipments of crude oil…

Christopher J. Dodd
Sen. Christopher J. DoddD-CT · Mar 6, 2007

Mr. President, I rise today, together with my colleague Senator Lieberman, to introduce the Telecommuter Tax Fairness Act of 2007. The Telecommuter Tax Fairness Act of 2007 will end an outdated legal…

Herb Kohl
Sen. Herb KohlD-WI · Mar 6, 2007

Mr. President, as Chairman of the Senate Antitrust Subcommittee, I believe it is my role to investigate and help end-- monopolistic practices that exploit American consumers. In that spirit, I rise…

Thomas R. Carper
Sen. Thomas R. CarperD-DE · Mar 6, 2007

Mr. President, today I join my good friend, Sen. George Voinovich, in introducing a bill to study the current state and future needs of our national infrastructure, including rail, airports,…

Mary L. Landrieu
Sen. Mary L. LandrieuD-LA · Mar 6, 2007

Mr. President, I come before the Senate today to re- introduce--with some changes--a bill that I first introduced on April 6, 2004, in the 108th Congress and which I reintroduced in the 109th…

Hillary Rodham Clinton
Sen. Hillary Rodham ClintonD-NY · Mar 6, 2007

Mr. President, I rise today to reintroduce the Paycheck Fairness Act in recognition of Women's History Month. I'd like to thank my colleagues Senators Kennedy, Harkin, Boxer, Cantwell, Dodd,…

Chuck Grassley
Sen. Chuck GrassleyR-IA · Mar 6, 2007

Mr. President, Senator Feingold and I have in the past sponsored the Transparency for Independent Livestock Producers Act, or what we have generally referred to as the ``Transparency Act.'' Today we…

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Chuck Grassley
Sen. Chuck GrassleyR-IA · Mar 6, 2007

Mr. President, Senator Feingold and I have in the past sponsored the Transparency for Independent Livestock Producers Act, or what we have generally referred to as the ``Transparency Act.'' Today we…

John Warner
Sen. John WarnerR-VA · Mar 6, 2007

Mr. President, I rise today to introduce legislation to provide some relief for our Nation's retired Federal employees from the severe increases in Federal Employee Health Benefit program (FEHBP)…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Mar 6, 2007

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Harry Reid
Sen. Harry ReidD-NV · Mar 6, 2007

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

Latest available legislative text

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Introduced in SenateIssued March 6, 2007

II

110th CONGRESS

1st Session

S. 786

IN THE SENATE OF THE UNITED STATES

March 6, 2007

Mr. Grassley (for himself and Mr. Feingold) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry

A BILL

To amend the Agricultural Marketing Act of 1946 to foster efficient markets and increase competition and transparency among packers that purchase livestock from producers.

1.

Spot market purchases of livestock by packers

Chapter 5 of subtitle B of the Agricultural Marketing Act of 1946 (7 U.S.C. 1636 et seq.) is amended by adding at the end the following:

260.

Spot market purchases of livestock by packers

(a)

Definitions

In this section:

(1)

Covered packer

(A)

In general

The term covered packer means a packer that is required under this subtitle to report to the Secretary each reporting day information on the price and quantity of livestock purchased by the packer.

(B)

Exclusion

The term covered packer does not include a packer that owns only 1 livestock processing plant.

(2)

Nonaffiliated producer

The term nonaffiliated producer means a producer of livestock—

(A)

that sells livestock to a packer;

(B)

that has less than 1 percent equity interest in the packer, which packer has less than 1 percent equity interest in the producer;

(C)

that has no officers, directors, employees, or owners that are officers, directors, employees, or owners of the packer;

(D)

that has no fiduciary responsibility to the packer; and

(E)

in which the packer has no equity interest.

(3)

Spot market sale

(A)

In general

The term spot market sale means a purchase and sale of livestock by a packer from a producer—

(i)

under an agreement that specifies a firm base price that may be equated with a fixed dollar amount on the date the agreement is entered into;

(ii)

under which the livestock are slaughtered not more than 7 days after the date on which the agreement is entered into; and

(iii)

under circumstances in which a reasonable competitive bidding opportunity exists on the date on which the agreement is entered into.

(B)

Reasonable competitive bidding opportunity

For the purposes of subparagraph (A)(iii), circumstances in which a reasonable competitive bidding opportunity shall be considered to exist if—

(i)

no written or oral agreement precludes the producer from soliciting or receiving bids from other packers; and

(ii)

no circumstance, custom, or practice exists that—

(I)

establishes the existence of an implied contract (as determined in accordance with the Uniform Commercial Code); and

(II)

precludes the producer from soliciting or receiving bids from other packers.

(b)

General rule

Of the quantity of livestock that is slaughtered by a covered packer during each reporting day in each plant, the covered packer shall slaughter not less than the applicable percentage specified in subsection (c) of the quantity through spot market sales from nonaffiliated producers.

(c)

Applicable percentages

(1)

In general

Except as provided in paragraph (2), the applicable percentage shall be 25 percent.

(2)

Exceptions

In the case of a covered packer that reported to the Secretary in the 2006 annual report that more than 75 percent of the livestock of the covered packer were captive supply livestock, the applicable percentage shall be the greater of—

(A)

the difference between the percentage of captive supply so reported and 100 percent; and

(B)
(i)

during each of calendar years 2008 and 2009, 10 percent;

(ii)

during each of calendar years 2010 and 2011, 15 percent; and

(iii)

during calendar year 2012 and each calendar year thereafter, 25 percent.

(d)

Nonpreemption

Notwithstanding section 259, this section does not preempt any requirement of a State or political subdivision of a State that requires a covered packer to purchase on the spot market a greater percentage of the livestock purchased by the covered packer than is required under this section.

(e)

Relationship to other provisions

Nothing in this section affects the interpretation of any other provision of this Act, including section 202.

.