To amend the Small Business Act to assist and protect small businesses and to protect small businesses against unreasonable use of economic power by major meatpacking companies, and for other purposes.
Small Business Preservation and Protection Act of 1989 - Prohibits any packer with more than a specified share of the national slaughter in three classifications from owning or operating any retail meat outlet.
Prohibits any packer's total annual slaughter for any classification from exceeding a certain percentage of the last two annual national slaughter totals.
Prohibits any packer from discriminating in price between different purchasers of meat food products in any marketing area or selling below costs for the purpose of impairing the marketing ability of small business meatpacking concerns.
Prohibits certain packers which are required to file reports under the Packers and Stockyards Act from engaging in livestock futures contracts.
Vests authority to enforce such prohibitions in the Administrator of the Small Business Administration. Establishes fines for violations and permits small business meatpacking concerns which are injured to sue in district court for treble damages.
Introduced in House
Introduced in House
Referred to the House Committee on Agriculture.
Referred to the House Committee on Small Business.
Referred to the Subcommittee on Livestock, Dairy, and Poultry.
Referred to the Subcommittee on Conservation Credit and Rural Development.
Executive Comment Requested from USDA.
Executive Comment Requested from USDA.
Referred to the Subcommittee on SBA, the General Economy, and Minority Enterprise Development.
Unfavorable Executive Comment Received from USDA.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line