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An Act to regulate interstate and foreign commerce in live stock, live-stock products, dairy products, poultry, poultry products, and eggs, and for other purposes. Acronyms (colloquial) PSA: Nicknames: Packers and Stockyards Act of 1921: Enacted by: the 67th United States Congress: Effective: August 15, 1921: Citations; Public law: Pub. L. 67 ...
The law was passed in 1921 as part of the Packers and Stockyards Act (7 U.S.C. §§ 181-229b; P&S Act) which was passed in order to "regulate interstate and foreign commerce in live stock, live-stock produce, dairy products, poultry, poultry products, and eggs, and for other purposes."
The Packers and Stockyards Act provides the Secretary of Agriculture the authority to set rates to be paid by agencies for services rendered. Under the Act, however, two conditions are put upon the exercise of this power: (1) The Secretary must be of the opinion that the existing rate is unjust, and (2) this opinion must be the result of a full hearing.
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Union stockyards in the United States were centralized urban livestock yards where multiple rail lines delivered animals from ranches and farms for slaughter and meat packing. A stockyard company managed the work of unloading the livestock, which was faster and more efficient than using railway staff. [ 1 ]
Under the executive order, the Department of Agriculture (USDA) is directed to consider new department rules that would strengthen enforcement of the Packers and Stockyards Act in order to make it easier for farmers to bring and win claims. The FTC is additionally directed to consider new initiatives to prevent equipment manufacturing companies ...