Freedom in Livestock Marketing Act

[AI summary unavailable — showing source text] Freedom in Livestock Marketing Act - Title I: General Provisions and Definitions - States the findings of Congress that the public interest would be served by the application of open, free, and competitive factors declaring certain livestock marketing transactions unfair or unlawful. Title II: Livestock Marketing Commission - Establishes, within the Department of Agriculture, the Livestock Marketing Commission. Title III: Jurisdiction - Authorizes such Commission to investigate any facts, conditions, practices, persons, or matters which it may deem necessary or proper to aid in the enforcement of the provisions of this Act. Title IV: Unlawful Transactions - Declares it unlawful for any person engaged directly or indirectly in livestock marketing to commit any act of fraud or to steal or convert livestock or money to its own use or to the use of another. Title V: Illegal Marketing Practices - Deems as unfair and illegal certain marketing practices, including violations of Title VI and VII of this Act. Title VI: Financial Responsibility - Requires every livestock market, livestock dealer, and livestock broker to maintain a financial position which reflects total assets in excess of t…