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H. Rept. 114-768 1 (2016-09-20)

handle is hein.congrecreports/crptxrvj0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP 114TH CONGRESS REPORT 2d Session HOUSE OF REPRESENTATIVES 114-768 CLARIFICATION OF TREATMENT OF ELECTRONIC SALES OF LIVESTOCK ACT OF 2016 SEPTEMBER 20, 2016.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. CONAWAY, from the Committee on Agriculture, submitted the following REPORT [To accompany H.R. 5883] [Including cost estimate of the Congressional Budget Office] The Committee on Agriculture, to whom was referred the bill (H.R. 5883) to amend the Packers and Stockyards Act, 1921, to clarify the duties relating to services furnished in connection with the buying or selling of livestock in commerce through online, video, or other electronic methods, and for other purposes, having considered the same, reports favorably thereon with an amendment and recommends that the bill as amended do pass. The amendment is as follows: Strike all after the enacting clause and insert the following: SECTION 1. SHORT TITLE. This Act may be cited as the Clarification of Treatment of Electronic Sales of Livestock Act of 2016. SEC. 2. DEFINITION OF MARKET AGENCY. (a) IN GENERAL.-Section 301(c) of the Packers and Stockyards Act, 1921 (7 U.S.C. 201(c)) is amended- (1) by striking ; and at the end and inserting a period; and (2) by adding at the end the following: Beginning on the date of the enact- ment of the Clarification of Treatment of Electronic Sales of Livestock Act of 2016, such term includes any person who engages in the business of buying or selling livestock, on a commission or other fee basis, through the use of online, video, or other electronic methods when handling or providing the means to handle receivables or proceeds from such buying or selling, so long as such per- son's annual average of online, video, or electronic sales of livestock, on a com- mission or other fee basis, exceeds $250,000.. (b) TECHNICAL AMENDMENTS.-Section 301 of the Packers and Stockyards Act, 1921 (7 U.S.C. 201) is amended- (1) in the matter preceding subsection (a), by striking When used in this Act- and inserting In this Act:; 59-006

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