U.S. Senators Deb Fischer (R-Neb.), Chuck Grassley (R-Iowa), Jon Tester (D-Mont.), and Ron Wyden (D-Ore.) today released an updated version of their legislation, the Cattle Price Discovery and Transparency Act. The senators first introduced the bill in November.
“Our family farmers and ranchers have told us about the need for both robust price discovery and transparency in the cattle markets. The updates to our legislation incorporate a variety of stakeholder feedback to achieve our goal of ensuring more fairness in cattle markets. It’s encouraging to see our bill gain momentum and I am hopeful we will have a hearing on this important legislation in the Senate Agriculture Committee in the coming weeks,” said Senator Fischer, a member of the Senate Agriculture Committee.