HR 1591
99th Congress
House
Agriculture and Food
Agricultural marketing regulation
Agriculture and Rural Affairs
Commercial law
Farm produce
Marketing of farm produce
Produce trade
A bill to amend the Agriculture and Food Act of 1981 to provide protection for agricultural purchasers of farm products.
Introduced: March 19, 1985
See on congress.gov
Everywhere this bill has been
7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 19, 1985
Favorable Executive Comment Received From USDA.
Sep 13, 1985
See H.R.2100.
Apr 15, 1985
Executive Comment Requested from USDA.
Mar 26, 1985
Subcommittee Hearings Held.
Mar 26, 1985
Referred to Subcommittee on Conservation Credit and Rural Development.
Mar 19, 1985
Referred to House Committee on Agriculture.
Mar 19, 1985
Introduced in House
Plain-English summary
Amends the Agriculture and Food Act of 1981 to provide that a buyer in the ordinary course of business who buys farm products from a seller engaged in farming operations shall take free of any seller-created security interest even though the buyer knows of its existence, unless within 12 months before the sale the buyer: (1) received notice of the security interest and of any payment obligations imposed by the secured party as conditions for waiver or release of the security interest and (2) has failed to perform such obligations.
Sets forth parallel provisions for commission merchants or selling agents.
What's happening now
Favorable Executive Comment Received From USDA.
Committees of jurisdiction
2