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S. 960

BillFederalSenateIn Committee
Captive Supply Reform Act
About This Bill
Committee
Latest Action · April 28, 2005
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Congress
109th (2005–2007)
Introduced
April 28, 2005
Cosponsors (5)
3D 2R
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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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