S.1017 - Captive Supply Reform Act110th Congress (2007-2008)
||Sen. Enzi, Michael B. [R-WY] (Introduced 03/28/2007)
||Senate - Agriculture, Nutrition, and Forestry
||03/28/2007 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (All Actions)
This bill has the status Introduced
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Introduced in Senate (03/28/2007)
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.