WASHINGTON, D. C. – The Meat Packing Special Investigator Act has handed via the Senate Agriculture Committee on Wednesday introduced a press launch from Senator Mike Round’s workplace
The laws proposed by U.S. Senators Mike Rounds, Jon Tester and Chuck Grassley will deal with anticompetitive practices in the meat and poultry industries that damage shoppers and producers, threaten the nation’s meals provide and endanger America’s meals safety.
“Anticompetitive conduct in the meat packing business hurts each shoppers and producers,” mentioned Rounds. “Unfortunately, packer focus in the beef business is extra consolidated as we speak than it was when the Packers and Stockyards Act was first signed into regulation over 100 years in the past. It’s long gone time to deal with this drawback.”
“Anticompetitive conduct by the giant meatpackers have raised costs on shoppers and pushed household ranchers out of enterprise, mentioned Tester. Now we want to put this invoice on the Senate ground so we are able to be certain there is truthful competitors in the market as a result of when free markets work, shoppers see decrease costs at the meat counter, producers get a good return on their product, and our economic system grows stronger in rural America and throughout the nation.”
“Iowa cattle producers have struggled to obtain a good worth for years – lengthy earlier than inflation hit a 40-year excessive,” explains Grassley.
The senators’ Meat Packing Special Investigator Act would create the “Office of the Special Investigator for Competition Matters” inside the U.S. Department of Agriculture’s (USDA) Packers and Stockyards Division.
The new USDA particular investigator may have a group of investigators, with subpoena energy, devoted to stopping and addressing anticompetitive practices in the meat and poultry industries and implementing our nation’s antitrust legal guidelines. They will coordinate and act in session with the Department of Justice and the Federal Trade Commission (FTC) to create a brand new bridge between the USDA and the Department of Homeland Security to shield the continuation of the meals provide and enhance nationwide safety. With a group of devoted workers, the USDA will now have the capability to examine the robust points dealing with producers.
Rounds, Tester and Grassley have led efforts to fight company consolidation and shield the livelihood of household farmers and ranchers. All three joined a bipartisan group of colleagues in demanding the Department of Justice examine whether or not the management giant meatpackers have over the beef processing market violates U.S. antitrust legal guidelines and ideas of truthful competitors.
Click Meat Packing Special Investigator Act _Final for full invoice textual content.