HR 5086 · 100th Congress · Agriculture and Food

Egg Producers' Financial Protection Act of 1988

Introduced 1988-07-14· Sponsored by Rep. Stenholm, Charles W. [D-TX-17]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Subcommittee Hearings Held.(1988-09-22)

Plain Language Summary

[AI summary unavailable — showing source text] Egg Producers' Financial Protection Act of 1988 - Amends the Packers and Stockyards Act, 1921 to establish a statutory trust for the benefit of unpaid egg producers or egg handlers from the inventories of, and proceeds from, such eggs or egg products held by egg purchasers with an average annual value of eggs (by purchase or production arrangement) greater than $50,000. States that a dishonored payment instrument shall not be considered as payment. Provides that an unpaid producer or handler shall lose such trust benefit if he or she fails to give written notice of nonpayment or dishonored payment to the purchaser within specified time periods and by filing such notice with the Secretary of Agriculture. Includes egg purchase and production activities under the enforcement provisions of such Act. Includes egg purchasers under the recordkeeping provisions of such Act. States that the Secretary may only exercise jurisdiction over egg producers in prompt payment or unreasonable or discriminatory practices proceedings in order to avoid impairment of the Secretary's jurisdiction. Authorizes the Secretary to seek injunctive relief in egg payment disputes. Provides administrative enforceme…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

9 Democrats11 Republicans