Entitled, "Perishable Agricultural Commodities Act Technical Amendments of 1992".
Perishable Agricultural Commodities Act Technical Amendments of 1992 - Reaffirms specified findings under the Perishable Agricultural Commodities Act, 1930 that: (1) a burden on commerce is caused by financing arrangements under which buyers of perishable agricultural commodities give lenders a security interest in commodity trust assets; and (2) such arrangements are against the public interest.
Amends such Act to require lenders who finance the business operations of perishable agricultural commodities commission merchants, dealers, or brokers to hold certain assets they receive in trust for the benefit of unpaid sellers, whether or not the lenders hold a security interest in such trust assets.
Read twice and referred to the Committee on Agriculture.
Message on Senate action sent to the House.
Introduced in House
Introduced in House
Referred to the House Committee on Agriculture.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended).
Reported (Amended) by the Committee on Agriculture. H. Rept. 102-788.
Reported (Amended) by the Committee on Agriculture. H. Rept. 102-788.
Placed on the Union Calendar, Calendar No. 456.
Mr. de la Garza moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules.
DEBATE - The House proceeded with forty minutes of debate.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
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On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate.
Read twice and referred to the Committee on Agriculture.