S. 3419 · 116th Congress
SALE Act of 2020
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
20 cosponsors · 3 D, 17 R
8 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Securing All Livestock Equitably Act of 2020 or the SALE Act of 2020
What it does: CRS summary · Introduced in Senate · Mar 9, 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: SALE Act of 2020
Also known as: Securing All Livestock Equitably Act of 2020
Latest action (Mar 9, 2020): Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Policy area: Agriculture and Food · Origin: Senate · Introduced: Mar 9, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.