H.R. 4058 · 115th Congress
SALE Act of 2017
- Stage
- In committee
- Sponsor
- Roger Marshall
- Introduced
- 2017-10-12
- Latest action
- 2017-10-26 · Referred to the Subcommittee on Livestock and Foreign Agriculture.
Summary
Securing All Livestock Equitably Act of 2017 or the SALE Act of 2017
This bill amends the Packers and Stockyards Act, 1921 to require 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 $500,000.