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SALE Act of 2020
2/8/2022, 11:17 PM
Congressional Summary of HR 6067
Securing All Livestock Equitably Act of 2020 or the SALE Act of 2020
This bill requires all livestock purchased by a dealer in cash sales and all inventories of, or receivables or proceeds from, such livestock to be held by the dealer in a trust until all unpaid cash sellers of the livestock have been paid.
The bill exempts from the requirement any dealer whose average annual purchases of livestock do not exceed $100,000.
The bill also specifies requirements regarding enforcement, preserving a trust, notifying lien holders, and purchasing or transferring livestock that is subject to a trust.
Read the Full Bill
Current Status of Bill HR 6067
Bill HR 6067 is currently in the status of Bill Introduced since March 3, 2020. Bill HR 6067 was introduced during Congress 116 and was introduced to the House on March 3, 2020. Bill HR 6067's most recent activity was Referred to the Subcommittee on Livestock and Foreign Agriculture. as of August 13, 2020
Bipartisan Support of Bill HR 6067
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
18Democrat Cosponsors
8Republican Cosponsors
10Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 6067
Primary Policy Focus
Agriculture and FoodPotential Impact Areas
- Administrative remedies
- Civil actions and liability
- Department of Agriculture
- Federal district courts
- Livestock
Alternate Title(s) of Bill HR 6067
SALE Act of 2020
To amend the Packers and Stockyards Act, 1921, to provide for the establishment of a trust for the benefit of unpaid cash sellers of livestock, and for other purposes.
SALE Act of 2020
Securing All Livestock Equitably Act of 2020
Comments
Sponsors and Cosponsors of HR 6067
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