SALE Act of 2020

Hozzl · 2022-02-08T23:17:36Z

Explore the details of House Bill 6067 SALE Act of 2020 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Agriculture and Food. Stay informed on legislative developments.

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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 6067

Primary Policy Focus

Agriculture and Food

Potential 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