A bill to clarify the authority of the Secretary of Agriculture to require reasonable bonds from packers in connection with their livestock purchasing operations and for other purposes.

Clarifies the authority of the Secretary of Agriculture to require reasonable bonds from packers in connection with their livestock purchasing operations. Sets forth provisions governing appeals from adverse orders entered by the Secretary. Permits the Secretary to apply for a temporary restraining order or in junction in cases where persons subject to this Act fail to act in a financially responsible manner.