CONGRESSWOMAN ELISE STEFANIK
S. 3656 is expected to be considered on the House floor on Wednesday, September 15, 2010, under suspension of the rules, requiring a two-thirds majority vote for passage. This legislation was introduced by Sen. Blanche Lincoln (D-AR) on July 27, 2010.
S. 3656 would reauthorize provisions under current laws that require certain cattle and swine packers to report price information to the Department of Agriculture. These provisions are currently set to expire Sept. 30, 2010; this bill would reauthorize those provisions by five years, until September 30, 2015.
S. 3656 would also require livestock packers, processors, and importers to report information to the Department of Agriculture on wholesale pork cuts and the export of pork products.
Lastly, the bill would expand reporting requirements to include packers of wholesale pork cuts and would direct the Secretary of the Department of Agriculture to implement an electronic system for dairy price reporting, which would collect and report original contracts, agreements, receipts, and other records related to the storage and sale of any dairy products.
Currently, certain livestock packers, processors, and importers, are required to report prices and supply and demand information on a daily and weekly basis. The information is used by the Department of Agriculture’s Agricultural Marketing Service (AMS), which summarizes and provides the information to the public.
Possible Member Concerns:
The bill would impose private sector mandates by establishing new reporting requirements for packers and exporters of pork and pork products.
There is currently no CBO score for S. 3656 as of press time. However, the companion bill, H.R. 5852, would cost $50 million over a five year period.