H.R. 2213 · 110th Congress
Captive Supply Reform Act
- Stage
- In committee
- Sponsor
- Stephanie Herseth Sandlin
- Introduced
- 2007-05-08
- Latest action
- 2007-05-31 · Referred to the Subcommittee on Livestock, Dairy, and Poultry.
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.