HR 630 · 97th Congress · Commerce
Small Business Meat Producer and Marketer Protection Act of 1981
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to Subcommittee on SBA & SBIC Authority, Minority Enterprise, and General Small Business Problems.(1981-02-20)
Plain Language Summary
[AI summary unavailable — showing source text]
Small Business Meat Producer and Marketer Protection Act of 1981- Amends the provision of the Small Business Act which prohibits the Small Business Administration (SBA) from extending loans where financial assistance is available from non-Federal sources, to prohibit such loans only when private financing is available. Prohibits the SBA from duplicating the activity of another Federal agency only if the agency is operating a loan program under which all qualified applicants are receiving loans. Prohibits any meatpacker or meat marketer whose annual gross sales exceeded $250,000 in any of the preceding three years from selling, buying, or slaughtering, during any calendar week, more than 100 cattle, 300 swine, or 300 sheep which were owned prior to slaughter or sale for a period greater than 20 days by: (1) such meatpacker or meat marketer; (2) any person who owns or controls more than five percent of the stock, voting power, or control of such meatpacker or meat marketer; or (3) any subsidiary or affiliate in which such meatpacker or other person has more than five percent ownership or control. Stipulates that such prohibitions apply to livestock subject to control directly or indi…
Summarized by Claude AI · Non-partisan · For informational purposes only