S.1017: 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
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
March 28, 2007

Introduced in the Senate by Michael B. Enzi (R-Wyo.)

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