To reauthorize the Livestock Mandatory Reporting Act of 1999 and to amend the swine reporting provisions of that Act.
Latest Action
Became Public Law No: 109-296.
Official Summary
Official summary has not been imported yet.
GovScope Watchdog™
AI Government Intelligence™The bill H.R. 3408 reauthorizes the Livestock Mandatory Reporting Act of 1999 and amends the swine reporting provisions within that Act. This legislation mandates the continued collection and publication of market data related to livestock, including swine, to promote transparency in livestock markets. The reauthorization ensures that the reporting requirements remain in effect, supporting market participants with timely and accurate information on livestock prices and sales.
H.R. 3408 extends and updates livestock market reporting requirements to maintain transparency and data availability in the agriculture sector, particularly for swine markets.
- Reauthorizes the Livestock Mandatory Reporting Act of 1999, continuing mandatory reporting of livestock market data.
- Amends provisions specifically related to swine reporting to improve or update data collection and dissemination.
- Supports transparency in livestock markets by requiring regular publication of price and sales information.
['Livestock producers and farmers who rely on market data for pricing decisions', 'Agricultural market participants including buyers and sellers of livestock', 'Government agencies responsible for agricultural market oversight and data collection']
['Implementation challenges related to maintaining accurate and timely data collection and reporting', 'Costs associated with administering and enforcing the reporting requirements', 'Potential need for oversight to ensure compliance and data integrity']
The bill was introduced in the House during the 109th Congress and was signed into law on October 5, 2006, becoming Public Law No: 109-296. It reflects ongoing legislative efforts to maintain transparency and fairness in agricultural markets through mandated reporting requirements.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
['Improved market transparency may influence livestock pricing dynamics and market behavior.', 'Enhanced data availability could support better policy decisions and market regulation.', 'Potential administrative burden on reporting entities may affect operational practices.']
The bill's reauthorization and amendment of livestock reporting provisions underscore the importance of transparency in agricultural markets. Oversight should focus on ensuring data accuracy, timely reporting, and cost-effective administration. The absence of a full bill text limits detailed analysis of specific amendments and enforcement mechanisms.
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