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To amend the Packers and Stockyards Act, 1921, to prohibit the use of certain anti-competitive forward contracts.

5/8/2007--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.

Latest Actions
  • 05/31/2007 - Referred to the Subcommittee on Livestock, Dairy, and Poultry.
  • 05/31/2007 - Executive Comment Requested from USDA.
  • 05/08/2007 - Referred to the House Committee on Agriculture.
Bill Text
File name Last Updated
H.R.2213 Introduced in House08/31/2007