S 744
99th Congress
Senate
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 26, 1985
See on congress.gov
Everywhere this bill has been
10 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 18, 1985
Senate Committee on Banking discharged.
Oct 18, 1985
Placed on Senate Legislative Calendar under General Orders. Calendar No. 350.
Oct 9, 1985
Committee on Banking. Hearings held. Hearings printed: S.Hrg. 99-381.
Oct 4, 1985
Referred to the Committee on Banking by unanimous consent for a period not to extend October 18, 1985.
Oct 3, 1985
Placed on Senate Legislative Calendar under General Orders. Calendar No. 336.
Oct 3, 1985
Committee on Agriculture. Reported to Senate by Senator Helms with an amendment in the nature of a substitute and an amendment to the title. With written report No. 99-147. Minority views filed.
Sep 19, 1985
Committee on Agriculture. Ordered to be reported with an amendment in the nature of a substitute favorably.
Apr 22, 1985
Committee on Agriculture requested executive comment from Agriculture Department.
Mar 26, 1985
Read twice and referred to the Committee on Agriculture.
Mar 26, 1985
Introduced in Senate
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 interest is perfected and 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
Placed on Senate Legislative Calendar under General Orders. Calendar No. 350.
Committees of jurisdiction
2
Cosponsors
1