,,ii  #aag? ,,congress  #a/ ,session    
,s4 #cbbi  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,novemb] #ag1          
#bjba,mrs4 ,fis*] 7= h]self1 ,mr4       
,grassley1 ,mr4 ,te/]1 ,mr4 ,wyd51 ,ms4 
,ern/1 ,mr4 ,braun1 ,ms4 ,smi?1 ,mrs4   
,hyde-,smi?1 ,mr4 ,da9es1 ,mr4 ,cassidy1
 & ,mr4 ,lujn7 introduc$ ! foll[+ bill2 
:i* 0 read twice & ref]r$ to !          
,committee on ,agriculture1 ,nutrition1 
& ,=e/ry  ,a ,,bill  ,to am5d !         
,agricultural ,m>ket+ ,act ( #aidf to   
e/abli% a cattle contract libr>y1 & =   
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! ,cattle ,price         
,discov]y & ,transp>5cy ,act ( #bjba4   
#b4 ,def9itions  7a7 ,9 g5]al ,section  
#bab ( ! ,agricultural ,m>ket+ ,act (   
#aidf 7#g ,u4,s4,c4 #afce;a7 is am5d$-- 
7#a7 9 p>agraph 7#e71 by /rik+ cattle1 &
 ins]t+ cattle 7includ+ f$ cattle712    
7#b7 by r$esignat+ p>agraphs 7#d71 7#e71
 7#f71 7#g71 7#h71 7#i71 7#aj71 7#aa71  
7#ab71 7#ac71 & 7#ad7 z p>agraphs 7#e71 
7#f71 7#g71 7#h71 7#aj71 7#aa71 7#ab71  

7#ac71 7#ae71 7#af71 & 7#ag71           
respectively2  7#c7 by ins]t+ aft]      
p>agraph 7#c7 ! foll[+3  7#d7 ,f$ cattle
 ,! t]m f$ cattle means a /e] or heif] t
 has be5 f9i%$ on a ration ( r\ghage &  
fe$ conc5trates1 su* z gra9s1 prote9    
meal1 grass 7=age71 & o!r nutri5t-ri*   
fe$s1 prior to slaught]4  2  7#d7 by    
ins]t+ aft] p>agraph 7#h7 7z s          
r$esignat$7 ! foll[+3  7#i7 ,negotiat$  
grid pur*ase ,! t]m negotiat$ grid      
pur*ase means a pur*ase ( f$ cattle by a
 pack] f a produc] "u :i*-- 7,a7 !      
buy]-sell] int]action results 9 a       
negotiat$ base price1 :i* may be adju/$ 
by premiums & disc\nts2 &  7,b7 ! f$    
cattle are s*$ul$ = deliv]y to ! pack] n
 m ?an #ad days aft] ! date on :i* !    
agreem5t = pur*ase is made4  2 &  7#e7  
by ins]t+ aft] p>agraph 7#ac7 7z s      
r$esignat$7 ! foll[+3  7#ad7 ,regional  
m&atory m9imum ,! t]m regional m&atory  
m9imum means1 = ea* report+ region 7z   
designat$ by ! ,agricultural ,m>ket+    
,s]vice71 ( ! quantity ( cattle pur*as$ 

= slaught] by a pack] 7z def9$ 9 section
 #bei7;a77 9 t region ea* curr5t        
slaught] week1 ! m9imum p]c5tage ( su*  
cattle t are requir$ to be pur*as$ ?r\gh
 negotiat$ pur*ases or negotiat$ grid   
pur*ases f produc]s4  4  7b7 ,cattle    
report+ def9itions ,section #bba ( !    
,agricultural ,m>ket+ ,act ( #aidf 7#g  
,u4,s4,c4 #afce;d7 is am5d$-- 7#a7 by   
/rik+ p>agraph 7#c7 & ins]t+ ! foll[+3  
7#c7 ,=mula m>ket+ arrangem5t ,! t]m    
=mula m>ket+ arrangem5t means ! advance 
commitm5t ( cattle = slaught]-- 7,a7 by 
any means o!r ?an ?r\gh a negotiat$     
pur*ase1 negotiat$ grid pur*ase1 or =w>d
 contract2 &  7,b7 us+ a me?od =        
calculat+ price-- 7i7 "u :i* ! price is 
det]m9$ at a future date2 &  7ii7 !     
basis ( :i* is a price e/abli%$ = a     
specifi$ m>ket1 :i* may be bas$ on any  
publicly report$ price1 includ+ plant   
av]age price1 regional price1 d[n/ream  
price1 or "s o!r mutually agreeable     
price s\rce4  2  7#b7 9 p>agraph        
7#h77;,b71 by /rik+ m>ket & ins]t+      

m>ket+2  7#c7 by r$esignat+ p>agraphs   
7#c71 7#d71 7#e71 7#f71 7#g71 & 7#h7 z  
p>agraphs 7#d71 7#e71 7#g71 7#h71 7#aj71
 & 7#ab71 respectively2  7#d7 by ins]t+ 
aft] p>agraph 7#b7 ! foll[+3  7#c7      
,contract  7,a7 ,9 g5]al ,! t]m contract
 means any agreem5t1 writt5 or oral1    
betwe5 a pack] & a produc] = ! pur*ase (
 f$ cattle = slaught]4  7,b7 ,exclusion 
,! t]m contract does n include a        
contract = a negotiat$ pur*ase4  2  7#e7
 by ins]t+ aft] p>agraph 7#e7 7z s      
r$esignat$7 ! foll[+3  7#f7 ,heif] ,!   
t]m heif] means a bov9e female t has n  
giv5 bir? to a calf4  2  7#f7 by ins]t+ 
aft] p>agraph 7#h7 7z s r$esignat$7 !   
foll[+3  7#i7 ,/e] ,! t]m #8/e]' means a
 bov9e male ca/rat$ be=e rea*+ sexual   
maturity4  2 &  7#g7 by ins]t+ aft]     
p>agraph 7#aj7 7z s r$esignat$7 !       
foll[+3  7#aa7 ,type ( contract  7,a7 ,9
 g5]al ,! t]m type ( contract means !   
classification ( a contract = ! pur*ase 
( cattle-- 7i7 into #a ( ! categories   
describ$ 9 subp>agraph 7,b72 &  7ii7 by 

det]m9+ ! base price ( ! cattle4  7,b7  
,categories ,! categories =             
classification ( a type ( contract are !
 foll[+3 7i7 ,=mula m>ket+ arrangem5t4  
7ii7 ,=w>d contract4  7iii7 ,negotiat$  
grid pur*ase contract4  4  #c4 #ad-;day 
cattle slaught]  7a7 ,def9ition ( cattle
 committ$ ,section #bba7a7 ( !          
,agricultural ,m>ket+ ,act ( #aidf 7#g  
,u4,s4,c4 #afce;d7#a77 is am5d$ by /rik+
 #g-;day & ins]t+ #ad-;day4  7b7        
,m&atory report+ = live cattle ,section 
#bbb7;c7 ( ! ,agricultural ,m>ket+ ,act 
( #aidf 7#g ,u4,s4,c4 #afce;e7c77 is    
am5d$-- 7#a7 9 p>agraph 7#a7-- 7,a7 by  
/rik+ subp>agraphs 7,b7 & 7,c72 &  7,b7 
by r$esignat+ subp>agraph 7,d7 z        
subp>agraph 7,b72  7#b7 9 p>agraph 7#b71
 by /rik+ ! in=mation & ins]t+ in=mation
 report$ "u ?is subsection2  7#c7 by    
r$esignat+ p>agraph 7#b7 z p>agraph     
7#c72 &  7#d7 by ins]t+ aft] p>agraph   
7#a7 ! foll[+3  7#b7 ,prior day report+ 
7,a7 ,9 g5]al ,! corporate (fic]s or    
(ficially designat$ repres5tatives ( ea*

 pack] process+ plant %all report to !  
,secret>y1 = ea* bus9ess day ( ! pack]  
process+ plant1 n lat] ?an #aj3jj a4m4  
,c5tral ,"t on ea* report+ day1 !       
in=mation f ! prior bus9ess day describ$
 9 subp>agraph 7,b74  7,b7 ,in=mation   
requir$ ,! in=mation requir$ "u         
subp>agraph 7,a7 %all be1 ) respect to !
 prior bus9ess day1 ! numb] ( cattle1   
organiz$ by cattle type1 s*$ul$ =       
deliv]y to a pack] process+ plant =     
slaught] = ea* ( ! next #ad cal5d> days4
  4  #d4 ,daily =mula base price report+
 ,section #bbb7;c77#a77;,a7 ( !         
,agricultural ,m>ket+ ,act ( #aidf 7#g  
,u4,s4,c4 #afce;e7c77#a77;,a77 is am5d$ 
9 ! matt] prec$+ clause 7i7 by ins]t+   
7includ+ base price in=mation = cattle  
pur*as$ ?r\gh a =mula m>ket+ arrangem5t7
 aft] day4  #e4 ,exp$it$ c>cass weights 
report+ ,section #bbb ( ! ,agricultural 
,m>ket+ ,act ( #aidf 7#g ,u4,s4,c4      
#afce;e7 is am5d$ by add+ at ! end !    
foll[+3  7f7 ,exp$it$ c>cass weights    
7#a7 ,det]m9ation ,n lat] ?an #ahj days 

aft] ! date ( enactm5t ( ! ,cattle      
,price ,discov]y & ,transp>5cy ,act (   
#bjba1 ! ,secret>y %all det]m9e ! m9imum
 am\nt ( "t ne$$ by ! ,secret>y to      
publicly report ! daily av]age c>cass   
weight ( cattle slaught]$ by pack]      
process+ plants4  7#b7 ,report+ ,n lat] 
?an #ahj days aft] ! ,secret>y has made 
a det]m9ation "u p>agraph 7#a71 !       
,secret>y %all beg9 publicly report+ !  
in=mation describ$ 9 t p>agraph )9 ! "t 
det]m9$ "u t p>agraph4  4  #f4 ,cattle  
contract libr>y ,*apt] #b ( subtitle ,b 
( ! ,agricultural ,m>ket+ ,act ( #aidf  
is am5d$-- 7#a7 by r$esignat+ section   
#bbc 7#g ,u4,s4,c4 #afce;f7 z section   
#bbd2 &  7#b7 by ins]t+ aft] section    
#bbb 7#g ,u4,s4,c4 #afce;e7 ! foll[+3   
#bbc4 ,cattle contract libr>y  7a7 ,9   
g5]al ,subject to ! availability (      
appropriations to c>ry out ?is section1 
! ,secret>y %all e/abli% & ma9ta91 ?r\gh
 ! ,live/ock ,m&atory ,price ,report+   
program1 a libr>y or catalog ( ea* type 
( contract (f]$ by pack]s to produc]s = 

! pur*ase ( all or "p ( ! production ( !
 produc]s ( f$ cattle 7includ+ cattle t 
are pur*as$ or committ$ = deliv]y71     
includ+ any s*$ules ( premiums or       
disc\nts associat$ ) ! contract4  7b7   
,in=mation collection  7#a7 ,9 g5]al ,to
 ma9ta9 ! libr>y or catalog e/abli%$ "u 
subsection 7a71 ! ,secret>y %all obta9  
in=mation f ea* pack] on ea* type (     
exi/+ contract ( ! pack] by requir+ a   
fil+ or o!r =m ( in=mation submission f 
ea* pack]4  7#b7 ,contract$ cattle      
in=mation ,in=mation submitt$ to !      
,secret>y by a pack] "u p>agraph 7#a7   
%all include1 ) respect to ea* exi/+    
contract ( a pack]-- 7,a7 ! type (      
contract2  7,b7 ! duration ( ! contract2
  7,c7 a summ>y ( ! contract t]ms2  7,d7
 provisions 9 ! contract t may affect ! 
price ( cattle cov]$ by ! contract1     
includ+ s*$ules1 premiums & disc\nts1 & 
transportation arrangem5ts2  7,e7 !     
total numb] ( cattle cov]$ by ! contract
 solely committ$ to ! pack] ea* week )9 
! #f-mon? & #ab-mon? p]iods foll[+ !    

date ( ! contract1 organiz$ by report+  
region2  7,f7 9 ! case ( a contract 9   
:i* a specific numb] ( cattle are n     
solely committ$ to ! pack]-- 7i7 an     
indication t ! contract is an op5       
commitm5t2 &  7ii7 any weekly1 mon?ly1  
annual1 or o!r limitations on ! numb] ( 
cattle t may be deliv]$ to ! pack] "u ! 
contract2 &  7,g7 a description ( !     
provisions 9 ! contract t provide =     
expansion 9 ! numb]s ( f$ cattle to be  
deliv]$ "u ! contract = ! #f-mon? &     
#ab-mon? p]iods foll[+ ! date ( !       
contract4  7c7 ,availability ( in=mation
  7#a7 ,9 g5]al ,! ,secret>y %all make  
publicly available to produc]s & o!r    
int]e/$ p]sons in=mation 7includ+ !     
in=mation describ$ 9 subsection         
7b77#b771 9 a us]-fri5dly =mat1 on !    
types ( contracts 9 ! libr>y or catalog 
e/abli%$ "u subsection 7a71 includ+     
notice 7on a real-"t basis1 if          
practicable7 ( ! types ( contracts t are
 be+ (f]$ by pack]s to1 & are op5 to    
acceptance by1 produc]s = ! pur*ase ( f$

 cattle4  7#b7 ,mon?ly report  7,a7 ,9  
g5]al ,beg9n+ #cj days aft] ! libr>y or 
catalog is e/abli%$ "u subsection 7a71 !
 ,secret>y %all make ! in=mation obta9$ 
ea* mon? 9 ! libr>y or catalog available
 9 a mon?ly report to produc]s & o!r    
int]e/$ p]sons4  7,b7 ,cont5ts ,! mon?ly
 report describ$ 9 subp>agraph 7,a7 %all
 include-- 7i7 bas$ on ! in=mation      
collect$ "u subsection 7b77#b77;,e71 an 
e/imate by ! ,secret>y ( ! total numb] (
 f$ cattle committ$ "u contracts =      
deliv]y to pack]s )9 ! #f-mon? &        
#ab-mon? p]iods foll[+ ! date ( !       
report1 organiz$ by report+ region &    
type ( contract2  7ii7 bas$ on !        
in=mation collect$ "u subsection        
7b77#b77;,f71 ! numb] ( contracts ) an  
op5 commitm5t & any weekly1 mon?ly1     
annual1 or o!r limitations on ! numb] ( 
cattle t may be deliv]$ "u su*          
contracts2 &  7iii7 bas$ on ! in=mation 
collect$ "u subsection 7b77#b77;,g71 an 
e/imate by ! ,secret>y ( ! total maximum
 numb] ( f$ cattle t may be deliv]$ )9 !

 #f-mon? & #ab-mon? p]iods foll[+ ! date
 ( ! report1 organiz$ by report+ region 
& type ( contract4  7d7 ,ma9t5ance (    
libr>y or catalog ,in=mation 9 ! libr>y 
or catalog e/abli%$ "u subsection 7a7   
ab\t types ( contracts t are no long]   
(f]$ or 9 use %all be remov$ f ! libr>y 
or catalog4  7e7 ,confid5tiality ,!     
report+ requirem5ts = pack]s "u ?is     
section %all be subject to !            
confid5tiality protections provid$ "u   
section #bea4  7f7 ,violations ,x %all  
be unlawful & a violation ( ?is ,act =  
any pack] to willfully fail or refuse-- 
7#a7 to provide to ! ,secret>y accurate 
in=mation requir$ "u ?is section2 or    
7#b7 to comply ) any o!r requirem5t (   
?is section4  7g7 ,au?orization (       
appropriations ,!re are au?oriz$ to be  
appropriat$ to ! ,secret>y su* sums z   
are necess>y to c>ry out ?is section4  4
  #g4 ,public availability ( in=mation  
,section #bea7;a7 ( ! ,agricultural     
,m>ket+ ,act ( #aidf 7#g ,u4,s4,c4      
#afcf7;a77 is am5d$-- 7#a7 by r$esignat+

 p>agraphs 7#a7 & 7#b7 z subp>agraphs   
7,a7 & 7,b71 respectively1 & ind5t+     
appropriately2  7#b7 9 ! matt] prec$+   
subp>agraph 7,a7 7z s r$esignat$71 by   
/rik+ ,! ,secret>y %all make available  
to ! public in=mation & ins]t+ ! foll[+3
  7#a7 ,9 g5]al ,! ,secret>y %all make  
available to ! public all in=mation  2 &
  7#c7 by add+ at ! end ! foll[+3  7#b7 
,effect ,no?+ 9 ?is section p]mits !    
,secret>y1 or any (fic] or employee ( ! 
,secret>y1 to )hold f ! public !        
in=mation1 /ati/ics1 & docum5ts describ$
 9 p>agraph 7#a74  4  #h4 ,ca% m>ket    
acquisition ( cattle  7a7 ,s5se ( !     
,s5ate ,x is ! s5se ( ! ,s5ate t-- 7#a7 
all p>ticipants 9 ! f$ cattle m>ket h a 
responsibility to contribute to         
regionally suffici5t levels ( negotiat$ 
trade ( f$ cattle 9 all cattle fe$+     
regions 9 ord] to a*ieve robu/ price    
discov]y2 &  7#b7 ! ,dep>tm5t (         
,agriculture %\ld exam9e exi/+ academic 
lit]ature reg>d+ m9imum levels ( ca%    
transactions necess>y to a*ieve robu/   

price discov]y & enhance cattle produc] 
lev]age 9 ! m>ketplace 9 ea* ( ! cattle 
m>ket+ regions4  7b7 ,am5dm5t ,*apt] #e 
( subtitle ,b ( ! ,agricultural ,m>ket+ 
,act ( #aidf 7#g ,u4,s4,c4 #afcf et     
seq47 is am5d$-- 7#a7 by r$esignat+     
sections #bei & #bfj z sections #bfj &  
#bfa1 respectively2 &  7#b7 by ins]t+   
aft] section #beh ! foll[+3  #bei4      
,regional m&atory m9imums = negotiat$   
pur*ases & negotiat$ grid pur*ases  7a7 
,def9ition ( pack]  7#a7 ,9 g5]al ,9 ?is
 section1 ! t]m pack] has ! mean+ giv5 !
 t]m 9 section #bba4  7#b7 ,exclusion ,9
 ?is section1 ! t]m pack] does n include
 a pack] t slaught]s cattle at only #a  
live/ock process+ plant4  7b7           
,e/abli%m5t  7#a7 ,9 g5]al ,n lat] ?an  
#b ye>s aft] ! date ( enactm5t ( !      
,cattle ,price ,discov]y & ,transp>5cy  
,act ( #bjba1 ! ,secret>y1 9            
consultation ) ! ,*ief ,economi/1 %all  
e/abli%-- 7,a7 regional m&atory m9imums 
= ! purpose ( enhanc+ price discov]y1   
transp>5cy1 & cattle produc] lev]age =  

cattle m>ket p>ticipants2 &  7,b7 me?ods
 = e/abli%+ ^? regional m&atory m9imums1
 :i* %all be publicly available4  7#b7  
,pur*ases ,a pack] %all1 ) respect to a 
pack] process+ plant1 pur*ase by        
negotiat$ pur*ase or negotiat$ grid     
pur*ase ! p]c5tage ( cattle requir$ by !
 regional m&atory m9imum e/abli%$ = !   
region 9 :i* ! pack] process+ plant is  
locat$4  7c7 ,public input ,9 c>ry+ out 
subsection 7b71 ! ,secret>y %all make   
all propos$ regional m&atory m9imums &  
propos$ me?ods = e/abli%+ ^? m9imums    
subject to a notice & comm5t p]iod4  7d7
 ,duration ,regional m&atory m9imums    
e/abli%$ = ea* report+ region "u        
subsection 7b77#a7 %all be applicable = 
n m ?an a #bd-mon? p]iod4  7e7          
,consid]ations ,9 c>ry+ out subsection  
7b7 = ea* report+ region1 ! ,secret>y1 9
 consultation ) ! ,*ief ,economi/1 %all 
consid] ! foll[+ factors3 7#a7 ,! numb] 
( pack]s 9 ! report+ region4  7#b7 ,!   
availability ( cattle 9 ! report+       
region4  7#c7 ,pre-exi/+ contractual    

arrangem5ts ( pack]s 9 ! report+ region4
  7#d7 ,! numb] ( pric+ transactions    
7p5s ( cattle sold7 9 ! report+ region4 
7f7 ,initial requirem5t  7#a7 ,9 g5]al  
,subject to p>agraph 7#b71 ! initial    
regional m&atory m9imums e/abli%$ = ea* 
report+ region "u subsection 7b77#a7    
%all be n less ?an ! av]age p]c5tage (  
negotiat$ pur*ases & negotiat$ grid     
pur*ases 9 t region f ! prec$+ #ah      
mon?s4  7#b7 ,requirem5t ,no initial    
regional m&atory m9imum e/abli%$ = a    
report+ region "u p>agraph 7#a7 %all    
exce$ #cjj p]c5t ( ! l[e/ initial       
regional m&atory m9imum e/abli%$ "u t   
p>agraph = a region t has publicly      
report$ a majority ( weekly m>ket       
in=mation dur+ ! previ\s #ah mon?s4  7g7
 ,biannual review ,on e/abli%+ regional 
m&atory m9imums "u subsection 7b77#a71 !
 ,secret>y-- 7#a7 %all review ! regional
 m&atory m9imums n less frequ5tly ?an   
once e #b ye>s2 &  7#b7 %all1 9         
consultation ) ! ,*ief ,economi/-- 7,a7 
ma9ta9 exi/+ regional m&atory m9imums2  

or  7,b7 modify ! regional m&atory      
m9imums aft]-- 7i7 consult+ )           
repres5tatives ( ! ,unit$ ,/ates cattle 
& beef indu/ry2 &  7ii7 mak+ ! propos$  
modification subject to a notice &      
comm5t p]iod4  7h7 ,en=cem5t ,on        
e/abli%+ regional m&atory m9imums "u    
subsection 7b77#a71 ! ,secret>y %all--  
7#a7 regul>ly monitor compliance by     
pack]s ) ^? regional m&atory m9imums2 & 
7#b7 en=ce ?is section 9 accordance )   
section #bjc ( ! ,pack]s & ,/ocky>ds    
,act1 #aiba 7#g ,u4,s4,c4 #aic74  7i7   
,co/-,b5efit analysis ,n lat] ?an #b    
ye>s aft] e/abli%+ regional m&atory     
m9imums "u subsection 7b77#a71 !        
,secret>y1 9 consultation ) ! ,*ief     
,economi/1 %all conduct a quantifiable1 
data-driv5 co/-b5efit analysis reg>d+ ! 
op]ation & effect ( ^? regional m&atory 
m9imums4  7j7 ,application ,?is section 
%all apply only ) respect to ! report+  
regions designat$ by ! ,agricultural    
,m>ket+ ,s]vice4  4  #i4 ,maximum p5alty
 am\nt ,! ,secret>y ( ,agriculture %all 

revise section #c4ia7;b77#a77lvi7 (     
title #g1 ,code ( ,f$]al ,regulations   
7or a successor regulation71 to e/abli% 
a maximum civil p5alty ( #hf1aef1 :i*   
%all be adju/$ = inflation 9 ! same     
mann] & to ! same ext5t z civil monet>y 
p5alties "u ! ,f$]al ,civil ,p5alties   
,inflation ,adju/m5t ,act ( #aiij 7#bh  
,u4,s4,c4 #bdfa note74