H.R.2631: Livestock Marketing Fairness Act

About This Bill

Bill Cosponsor

Bill Summary

Livestock Marketing Fairness Act - Amends the Packers and Stockyards Act, 1921 to prohibit a livestock sale forward contract (with an exception for specified cooperatives) that: (1) does not contain a firm base price that may be equated to a fixed dollar amount on the contract day; (2) is not offered for open public bid; (3) is based on a formula price; or (4) provides for the sale of more than 40 cattle, 30 swine, or other livestock in a...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Agriculture.
Referred to the Subcommittee on Livestock, Dairy, and Poultry.
July 25, 2011

Introduced in the House by Cynthia M. Lummis (R-Wyo.)

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