,,ii  #aadth ,,congress  #b;d ,session  
,s4 #ccej  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,september #ae1
 #bjaf,mr4 ,cochran 7for himself and    
,mr4 ,tester7 introduced the following  
bill2 which was read twice and referred 
to the ,committee on ,agriculture1      
,nutrition1 and ,forestry  ,a ,,bill    
,to amend the ,packers and ,stockyards  
,act1 #aiba1 to clarify the duties      
relating to services furnished in       
connection with the buying or selling of
 livestock in commerce through online1  
video1 or other electronic methods1 and 
for other purposes4  #a4 ,short title   
,this ,act may be cited as the          
,clarification of ,treatment of         
,electronic ,sales of ,livestock ,act of
 #bjaf 4  #b4 ,definition of market     
agency  7a7 ,in general ,section        
#cja7;c7 of the ,packers and ,stockyards
 ,act1 #aiba 7#g ,u4,s4,c4 #bja7;c77 is 
amended--  7#a7 by striking 2 and at the
 end and inserting a period2 and  7#b7  
by adding at the end the following3     

,beginning on the date of the enactment 
of the ,clarification of ,treatment of  
,electronic ,sales of ,livestock ,act of
 #bjaf1 such term includes any person   
who engages in the business of buying or
 selling livestock1 on a commission or  
other fee basis1 through the use of     
online1 video1 or other electronic      
methods when handling or providing the  
means to handle receivables or proceeds 
from such buying or selling1 so long as 
such person's annual average of online1 
video1 or electronic sales of livestock1
 on a commission or other fee basis1    
exceeds #bej1jjj44  7b7 ,technical      
amendments ,section #cja of the ,packers
 and ,stockyards ,act1 #aiba 7#g        
,u4,s4,c4 #bja7 is amended-- 7#a7 in the
 matter preceding subsection 7a71 by    
striking ,when used in this ,act-- and  
inserting ,in this ,act32  7#b7 in      
subsection 7a71 by striking the         
semicolon at the end and inserting a    
period2 and  7#c7 in subsection 7b7--   
7,a7 by striking weighting and inserting

 weighing2 and  7,b7 by striking the    
semicolon at the end and inserting a    
period4  #c4 ,methods to transfer funds 
,section #dji7;a7 of the ,packers and   
,stockyards ,act1 #aiba 7#g ,u4,s4,c4   
#bbh;b7a77 is amended-- 7#a7 in the     
first proviso1 by striking shall wire   
transfer funds to the seller's account  
each place it appears and inserting     
shall transfer funds for the full amount
 of the purchase price to the account of
 the seller by wire1 electronic funds   
transfer1 or any other expeditious      
method determined appropriate by the    
,secretary2 and  7#b7 in the second     
proviso1 by striking or dealer shall    
wire transfer funds and inserting or    
dealer shall transfer funds for the full
 amount of the purchase price by wire1  
electronic funds transfer1 or any other 
expeditious method determined           
appropriate by the ,secretary4