Instructions: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Input: SECTION 1. SHORT TITLE.

This Act may be cited as the ''Livestock Market Revitalization Act
of 1996''.

SEC. 2. CAPTIVE SUPPLY.

(a) Definition of Captive Supply.--Section 2(a) of the Packers and
Stockyards Act, 1921 (7 U.S.C. 182(a)), is amended by adding at the end
the following:
''(12) Captive supply.--The term 'captive supply' means
livestock acquired for slaughter by a packer (including
livestock delivered 7 days or more before slaughter) under a
standing purchase arrangement, forward contract, or packer
ownership, feeding, or financing arrangement, as determined by
the Secretary.''.
(b) Annual Report on Livestock Marketed or Slaughtered.--Section
407 of the Packers and Stockyards Act, 1921 (7 U.S.C. 228), is amended
by adding at the end the following:
''(f) Annual Report on Livestock Marketed or Slaughtered.--
''(1) In general.--The Secretary shall make available to
the public an annual statistical report on the number and
volume of livestock marketed or slaughtered in the United
States, including--
''(A) information collected on the date of
enactment of this Act; and
''(B) information on transactions involving
livestock in regional and local markets.
''(2) Administration.--In carrying out paragraph (1), the
Secretary shall ensure that--
''(A) a significant share of regional and local
livestock transactions are reported; and
''(B) the confidentiality of individual livestock
transactions is maintained.''.
(c) Information on Captive Supply Transactions.--Section 407 of the
Packers and Stockyards Act, 1921 (7 U.S.C. 228), as amended by
subsection (b), is amended by adding at the end the following:
''(g) Information on Captive Supply Transactions.--
''(1) In general.--Not later than 24 hours after a
transaction involving captive supply is recorded, the Secretary
shall make information concerning the transaction (including
the specific standing arrangement) available to the public
using electronic and other means that will ensure wide
availability of the information.
''(2) Ongoing livestock transactions.--Any information
collected on captive supply under paragraph (1) shall be
reported in conjunction with ongoing livestock transactions.''.

SEC. 3. MONITORING OF ANTITRUST AND ANTICOMPETITIVE BEHAVIOR AMONG
PACKERS AND STOCKYARDS.

(a) In General.--Section 407 of the Packers and Stockyards Act,
1921 (7 U.S.C. 228) (as amended by section 2(c)), is amended by adding
at the end the following:
''(h) Monitoring of Antitrust and Anticompetitive Behavior.--
''(1) In general.--The Secretary shall--
''(A) review and monitor the degree of antitrust
and anticompetitive behavior on a national, regional,
and local basis (as defined by the Secretary) among
packers, stockyard owners, market agencies, and dealers
to ensure compliance with Federal law and to ensure
that actions taken by packers, stockyard owners, market
agencies, and dealers will enhance, and not diminish,
competitiveness; and
''(B) report the results of the review and
monitoring to Congress, the Attorney General, and the
public.
''(2) Coordination.--The Secretary and the Attorney General
shall coordinate efforts to ensure that packers, stockyard
owners, market agencies, and dealers do not violate Federal law
relating to antitrust and anticompetitive behavior.''.
(b) Reports.--Not later than 60 days after the date of enactment of
this Act, 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--
(1) a report that--
(A) assesses the resource needs of the Department
of Agriculture for effectively carrying out section
407(h) of the Packers and Stockyards Act, 1971 (7
U.S.C. 228(h)) (as added by subsection (a)); and
(B) includes a request for any additional funding
that may be required for effectively carrying out
section 407(h) of the Act; and
(2) a report that assesses progress in implementing
additional monitoring activities identifying geographical
procurement markets described in the report entitled
''Monitoring by Packers and Stockyard Administration'', dated
October 1991 (GAO/RCED-92-36).

SEC. 4. COLLECTION AND DISSEMINATION OF MARKETING INFORMATION.

Section 204(g) of the Agricultural Marketing Act of 1946 (7 U.S.C.
1622(g)) is amended by adding at the end the following: ''In carrying
out this subsection, on a national, regional, and local basis (as
defined by the Secretary), the Secretary shall--
''(1) provide price information, with emphasis on providing
the information at the point of sale;
''(2) provide price and other information on a regular and
timely basis;
''(3) make the information available to the public
electronically;
''(4) collect and disseminate information supplied by
packers (as defined in section 201 of the Packers and
Stockyards Act, 1921 (7 U.S.C. 191)) on contract pricing
related to captive supply (as defined in section 2 of the Act
(7 U.S.C. 182));
''(5) to the extent practicable, promote the use of
consistent, value-based pricing methodology throughout the meat
industry; and
''(6) report, on a weekly basis, the volume of cattle and
meat products imported into the United States.''.

SEC. 5. COOPERATIVE BARGAINING.

Section 4 of the Agricultural Fair Practices Act of 1967 (7 U.S.C.
2303) is amended by adding at the end the following:
''(g) To fail to engage in good-faith negotiations with producer
cooperatives (including new cooperatives), or to unfairly discriminate
among producer cooperatives (including new cooperatives), with respect
to the purchase, acquisition, or other handling of agricultural
products.''.

SEC. 6. LABELING OF MEAT AND MEAT FOOD PRODUCTS.

Section 7(b) of the Federal Meat Inspection Act (21 U.S.C. 607(b))
is amended by striking ''require,'' and all that follows through the
period at the end and inserting ''require--
''(1) the information required under section 1(n); and
''(2) if it was imported (or was produced from an animal
that was located in another country for at least 120 days) and
is graded, a grading labeling that bears the words 'imported',
'may have been imported', 'this product contains imported
meat', 'this product may contain imported meat', 'this
container contains imported meat', or 'this container may
contain imported meat', as the case may be, or words to
indicate its country of origin.''.

SEC. 7. LIVESTOCK INDUSTRY COMMISSION.

(a) In General.--The Secretary of Agriculture shall, in
consultation with representatives of the livestock industry, establish
a national commission composed of nongovernmental members appointed by
the Secretary to study and recommend means of modernizing the livestock
industry and responding to the consumer demand for red meat.
(b) Study.--In carrying out this section, the commission shall
analyze costs and benefits, and make recommendations with respect to--
(1) value-added livestock products;
(2) the impact of antitrust and anticompetitive behavior on
cattle prices;
(3) the grading system for meat used by the Secretary; and
(4) refunds of assessments collected under the Beef
Research and Information Act (7 U.S.C. 2901 et seq.).
(c) Report.--Not later January 1, 2000, the commission shall submit
a report the describes the results of the study required under this
section to the Committee on Agriculture of the House of Representatives
and the Committee on Agriculture, Nutrition, and Forestry of the
Senate.
Output:
Livestock Market Revitalization Act of 1996 - Amends the Packers and Stockyards Act, 1921 to define "captive supply" as livestock acquired by a packer for slaughter, including livestock delivered seven days or more before slaughter.
Directs the Secretary of Agriculture to: (1) make information available to the public concerning livestock slaughtered or marketed in the United States, and captive market transactions; (2) monitor antitrust and anticompetitive activities among packers and stockyards; and (3) collect and disseminate marketing information on a national, regional, and local basis.
(Sec. 5) Amends the Agricultural Fair Practices Act of 1967 to make it an unfair trade practice to fail to act in good faith with producer cooperatives.
(Sec. 6) Amends the Federal Meat Inspection Act with respect to grade labeling of imported meat.
(Sec. 7) Directs the Secretary to establish a livestock industry commission.