H.R.4006: Captive Supply Reform Act

About This Bill

Bill Summary

Captive Supply Reform Act - Amends the Packers and Stockyards Act, 1921 respecting livestock producer-packer forward contracts to: (1) require the inclusion of fixed dollar amount base pricing and public bidding; (2) prohibit formula pricing; (3) limit individual contract size; and (4) exclude from the definition of "formula price" futures-based prices and base adjustments resulting from factors outside packer control.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Agriculture.
Referred to the Subcommittee on Livestock and Horticulture.
Executive Comment Requested from USDA.
March 18, 2004

Introduced in the House by Earl Pomeroy (D-N.D.)

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