Bipartisan cattle price transparency and discovery legislation so cattle feeders get a fair price for their beef
Advance cattle price transparency and discovery legislation so cattle feeders receive fair prices for beef.
Occurrences
Bipartisan cattle price transparency and discovery legislation so cattle feeders get a fair price for their beef
Bipartisan cattle price transparency and discovery legislation so cattle feeders get a fair price for their beef
Evidence
Reported Senate text listed Grassley among introducers and included approved pricing mechanisms, a cattle contract library, mandatory minimums, and packer penalties. Congress.gov showed the latest action as placement on the Senate Legislative Calendar and the bill status as Introduced.
Grassley's office said he participated in markup on the Cattle Price Discovery and Transparency Act, which he helped introduce, and that the bill advanced in committee with bipartisan support.
Congress.gov lists Sen. Grassley as an original cosponsor of S.228 on February 2, 2023. The same bill record shows the latest action was read twice and referred to the Senate Agriculture Committee, with status Introduced.
Section 779 appropriated $1,000,000 for a Cattle Contracts Library pilot program for AMS to develop and maintain within Livestock, Poultry, and Grain Market News.
USDA announced it launched the pilot Cattle Contracts Library, created under the Consolidated Appropriations Act of 2022, to increase market transparency for cattle producers and disclose contract terms, conditions, and volumes.
Assessments
Grassley materially advanced cattle market transparency and price discovery legislation by helping introduce the 2022 Cattle Price Discovery and Transparency Act, participating in markup, and getting it through committee to the Senate calendar. He also joined the 2023 reintroduction. However, the broader promised legislation, including mandatory price discovery mechanisms, did not become law. A related cattle contracts library transparency component was enacted through the 2022 appropriations law and USDA launched the pilot in January 2023, which provides partial fulfillment of the transparency goal during the relevant federal term context but not full delivery of the promised broader legislation.
The broad Cattle Price Discovery and Transparency Act was not enacted: S.4030 advanced out of Senate Agriculture in 2022 but did not become law, and S.228 in the 118th Congress was only referred to committee on February 2, 2023 and remained introduced. A meaningful transparency component was delivered when Public Law 117-103 authorized a Cattle Contracts Library pilot and USDA launched it on January 31, 2023 to disclose contract terms and volumes. Because the permanent broader price-discovery bill, regional mandatory minimums, and fair-price outcome were not delivered, this is partial rather than delivered.