A bill to amend the Packers and Stockyards Act of 1921, as amended to prohibit slaughter of livestock under certain conditions which reduce the bargaining power of livestock producers generally and interfere with a free market.

[AI summary unavailable — showing source text] Makes it unlawful for any packet or meat retailer of meat purveyor to slaughter at any one location during any calendar week more than 100 head of cattle, 300 head of hogs, and 300 head of lambs which were owned prior to slaughter for a period in excess of twenty days by such packer or meat dealer, or by any officer, director, or person who owns or controls more than five percent of the voting power or control thereof, or by any subsidiary or affiliate in which such packer, meat dealer, or other persons own or control a total of more than five percent of the voting power or control thereof. Applies this prohibition to livestock owned by such persons or subject to the control of such persons by contract or otherwise. Provides that for each violation of this Act a person shall be fined not more than $50,000, or more than $100 per head of cattle and $25 per head of hogs and sheep, whichever is greater, slaughtered in excess of the minimum number permitted. (Adds 7 U.S.C. 192A)…