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Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
3/9/2020 • Senate
Summary
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.
Introduced in Senate • 3/9/2020
Topics & Subjects
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Sponsor & Cosponsors (21)
Party Breakdown
Sponsor
Cosponsors (20)
Bill Journey
Originated in the Senate
Introduced
March 9, 2020
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law