SECTION 1. SHORT TITLE . 
This Act may be cited as the ‘‘Mandatory Price Re-
porting Act of 2015’’. 
SEC. 2. EXTENSION OF LIVESTOCK MANDATORY REPORT-
ING. 
(a) EXTENSION OF AUTHORITY.—Section 260 of the 
Agricultural Marketing Act of 1946 (7 U.S.C. 1636i) is 
amended by striking ‘‘September 30, 2015’’ and inserting 
‘‘September 30, 2020’’. 
(b) EMERGENCY AUTHORITY.—Section 212(12)(C) 
of the Agricultural Marketing Act of 1946 (7 U.S.C. 
1635a(12)(C)) is amended by inserting ‘‘, including any 
day on which any Department employee is on shutdown 
or emergency furlough as a result of a lapse in appropria-
tions’’ after ‘‘conduct business’’. 
(c) CONFORMING AMENDMENT.—Section 942 of the 
Livestock Mandatory Reporting Act of 1999 (7 U.S.C. 
1635 note; Public Law 106–78) is amended by striking 
‘‘September 30, 2015’’ and inserting ‘‘September 30, 
2020’’. 
SEC. 3. SWINE REPORTING. 
(a) DEFINITIONS.—Section 231 of the Agricultural 
Marketing Act of 1946 (7 U.S.C. 1635i) is amended— 
(1) by redesignating paragraphs (9) through 
(22) as paragraphs (10) through (23), respectively;
(2) by inserting after paragraph (8) the fol-
lowing new paragraph: 
‘‘(9) NEGOTIATED FORMULA PURCHASE.—The 
term ‘negotiated formula purchase’ means a pur-
chase of swine by a packer from a producer under 
which— 
‘‘(A) the pricing mechanism is a formula 
price for which the formula is determined by 
negotiation on a lot-by-lot basis; and 
‘‘(B) the swine are scheduled for delivery 
to the packer not later than 14 days after the 
date on which the formula is negotiated and 
swine are committed to the packer.’’; 
(3) in paragraph (12)(A) (as so redesignated), 
by inserting ‘‘negotiated formula purchase,’’ after 
‘‘pork market formula purchase,’’; and 
(4) in paragraph (23) (as so redesignated)— 
(A) in subparagraph (C), by striking 
‘‘and’’ at the end; 
(B) by redesignating subparagraph (D) as 
subparagraph (E); and 
(C) by inserting after subparagraph (C) 
the following new subparagraph: 
‘‘(D) a negotiated formula purchase; and’’.
(b) DAILY REPORTING.—Section 232(c) of the Agri-
cultural Marketing Act of 1946 (7 U.S.C. 1635j(c)) is 
amended— 
(1) in paragraph (1)(D), by striking clause (ii) 
and inserting the following new clause: 
‘‘(ii) PRICE DISTRIBUTIONS.—The in-
formation published by the Secretary 
under clause (i) shall include— 
‘‘(I) a distribution of net prices 
in the range between and including 
the lowest net price and the highest 
net price reported; 
‘‘(II) a delineation of the number 
of barrows and gilts at each reported 
price level or, at the option of the Sec-
retary, the number of barrows and 
gilts within each of a series of reason-
able price bands within the range of 
prices; and 
‘‘(III) the total number and 
weighted average price of barrows and 
gilts purchased through negotiated 
purchases and negotiated formula 
purchases.’’; and
(2) in paragraph (3), by adding at the end the 
following new subparagraph: 
‘‘(C) LATE IN THE DAY REPORT INFORMA-
TION.—The Secretary shall include in the 
morning report and the afternoon report for the 
following day any information required to be re-
ported under subparagraph (A) that is obtained 
after the time of the reporting day specified in 
such subparagraph.’’. 
SEC. 4. LAMB REPORTING. 
Not later than 180 days after the date of the enact-
ment of this Act, the Secretary of Agriculture shall revise 
section 59.300 of title 7, Code of Federal Regulations, so 
that— 
(1) the definition of the term ‘‘importer’’— 
(A) includes only those importers that im-
ported an average of 1,000 metric tons of lamb 
meat products per year during the immediately 
preceding 4 calendar years; and 
(B) may include any person that does not 
meet the requirement referred to in subpara-
graph (A), if the Secretary determines that the 
person should be considered an importer based 
on their volume of lamb imports; and 
(2) the definition of the term ‘‘packer’’—
(A) applies to any entity with 50 percent 
or more ownership in a facility; 
(B) includes a federally inspected lamb 
processing plant which slaughtered or processed 
the equivalent of an average of 35,000 head of 
lambs per year during the immediately pre-
ceding 5 calendar years; and 
(C) may include any other lamb processing 
plant that did not meet the requirement re-
ferred to in subparagraph (B), if the Secretary 
determines that the processing plant should be 
considered a packer after considering its capac-
ity. 
SEC. 5. STUDY ON LIVESTOCK MANDATORY REPORTING. 
(a) IN GENERAL.—The Secretary of Agriculture, act-
ing through the Agricultural Marketing Service in con-
junction with the Office of the Chief Economist and in 
consultation with cattle, swine, and lamb producers, pack-
ers, and other market participants, shall conduct a study 
on the program of information regarding the marketing 
of cattle, swine, lambs, and products of such livestock 
under subtitle B of the Agricultural Marketing Act of 
1946 (7 U.S.C. 1635 et seq.). Such study shall— 
(1) analyze current marketing practices in the 
cattle, swine, and lamb markets;
(2) identify legislative or regulatory rec-
ommendations made by cattle, swine, and lamb pro-
ducers, packers, and other market participants to 
ensure that information provided under such pro-
gram— 
(A) can be readily understood by pro-
ducers, packers, and other market participants; 
(B) reflects current marketing practices; 
and 
(C) is relevant and useful to producers, 
packers, and other market participants; 
(3) analyze the price and supply information re-
porting services of the Department of Agriculture re-
lated to cattle, swine, and lamb; and 
(4) address any other issues that the Secretary 
considers appropriate. 
(b) REPORT.—Not later than January 1, 2020, the 
Secretary of Agriculture shall submit to the Committee on 
Agriculture of the House of Representatives and the Com-
mittee on Agriculture, Nutrition, and Forestry of the Sen-
ate a report containing the findings of the study conducted 
under subsection (a). 
Passed the House of Representatives June 9, 2015. 
Attest: 
Clerk.