S.1017 - Captive Supply Reform Act

A bill to amend the Packers and Stockyards Act, 1921, to prohibit the use of certain anti-competitive forward contracts. view all titles (2)

All Bill Titles

  • Short: Captive Supply Reform Act as introduced.
  • Official: A bill to amend the Packers and Stockyards Act, 1921, to prohibit the use of certain anti-competitive forward contracts. as introduced.

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Introduced
 
Senate
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House
Passes
 
President
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03/27/07
 
 
 
 
 
 
 

Official Summary

3/28/2007--Introduced.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 cont

Official Summary

3/28/2007--Introduced.
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.


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