IIB 114th CONGRESS 1st Session H. R. 2051 IN THE SENATE OF THE UNITED STATES June 10, 2015 Received; read twice and referred to the Committee on Agriculture, Nutrition, and Forestry AN ACT To amend the Agricultural Marketing Act of 1946 to extend the livestock mandatory price reporting requirements, and for other purposes.

1. Short title This Act may be cited as the Mandatory Price Reporting Act of 2015 . 2. Extension of livestock mandatory reporting (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 appropriations 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 . 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 following new paragraph: (9) Negotiated formula purchase The term negotiated formula purchase means a purchase 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 Agricultural 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 information 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 Secretary, the number of barrows and gilts within each of a series of reasonable 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 information The Secretary shall include in the morning report and the afternoon report for the following day any information required to be reported under subparagraph (A) that is obtained after the time of the reporting day specified in such subparagraph. . 4. Lamb reporting Not later than 180 days after the date of the enactment 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 imported 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 subparagraph (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 preceding 5 calendar years; and (C) may include any other lamb processing plant that did not meet the requirement referred to in subparagraph (B), if the Secretary determines that the processing plant should be considered a packer after considering its capacity. 5. Study on livestock mandatory reporting (a) In general The Secretary of Agriculture, acting through the Agricultural Marketing Service in conjunction with the Office of the Chief Economist and in consultation with cattle, swine, and lamb producers, packers, 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 recommendations made by cattle, swine, and lamb producers, packers, and other market participants to ensure that information provided under such program— (A) can be readily understood by producers, 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 reporting services of the Department of Agriculture related 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 Committee on Agriculture, Nutrition, and Forestry of the Senate a report containing the findings of the study conducted under subsection (a).

Passed the House of Representatives June 9, 2015. Karen L. Haas, Clerk