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H.R. 4006

BillFederalHouseIn Committee
Captive Supply Reform Act
About This Bill
Committee
Latest Action · March 23, 2004
Executive Comment Requested from USDA.
Congress
108th (2003–2005)
Introduced
March 18, 2004
Cosponsors (3)
2D 1R
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Summary

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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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