SALE Act of 2020
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 3, 2020)
Securing All Livestock Equitably Act of 2020 or the SALE Act of 2020
This bill requires 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 $100,000.
The bill also specifies requirements regarding enforcement, preserving a trust, notifying lien holders, and purchasing or transferring livestock that is subject to a trust.
What just happenedAug 13, 2020
Referred to the Subcommittee on Livestock and Foreign Agriculture.
Who’s behind it
- Introduced in HouseMar 3, 2020
- Aug 13, 2020Committee
Referred to the Subcommittee on Livestock and Foreign Agriculture.
Livestock, Dairy, and Poultry Subcommittee - Mar 3, 2020IntroReferralH11100
Referred to the House Committee on Agriculture.
Agriculture Committee - Mar 3, 2020IntroReferralIntro-H
Introduced in House
- Mar 3, 2020IntroReferral1000
Introduced in House