PSA
E510693
The PSA is a landmark U.S. federal law enacted in 1921 to regulate fair competition and trade practices in the livestock, meatpacking, and poultry industries.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Packers and Stockyards Act of 1921 | 0 |
Statements (49)
| Predicate | Object |
|---|---|
| instanceOf | United States federal law ⓘ |
| administeredBy |
USDA Agricultural Marketing Service
NERFINISHED
ⓘ
United States Department of Agriculture ⓘ |
| aimsToProtect |
consumers
ⓘ
livestock producers ⓘ poultry growers ⓘ |
| alsoKnownAs | PSA NERFINISHED ⓘ |
| codifiedAt | 7 U.S.C. §§ 181–229c ⓘ |
| containsProvision |
Section 202 prohibiting unfair, unjustly discriminatory, or deceptive practices
ⓘ
Section 203 authorizing cease and desist orders ⓘ Section 204 providing for judicial enforcement of orders ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| enactedBy | United States Congress ⓘ |
| enactedInYear | 1921 ⓘ |
| enforcementMechanism |
USDA investigations and administrative proceedings
ⓘ
civil penalties and cease and desist orders ⓘ referral to the U.S. Department of Justice for prosecution ⓘ |
| expandedCoverageTo |
poultry integrators and live poultry dealers
ⓘ
swine production contract arrangements ⓘ |
| focusesOn | fair competition and trade practices in livestock, meatpacking, and poultry industries ⓘ |
| hasBeenAmended | multiple times to expand coverage to poultry and swine production contracts ⓘ |
| historicalContext | enacted in response to concerns about the market power of the Big Five meatpackers ⓘ |
| jurisdiction | interstate and foreign commerce in livestock and poultry ⓘ |
| legalArea |
agricultural law
ⓘ
competition law ⓘ consumer protection law ⓘ |
| originalAdministeringAgency | USDA Grain Inspection, Packers and Stockyards Administration NERFINISHED ⓘ |
| primaryPurpose |
prevent unfair, deceptive, and anti-competitive practices in livestock and meat markets
ⓘ
regulate fair competition in the livestock, meatpacking, and poultry industries ⓘ |
| prohibits |
manipulation or control of prices in livestock markets
ⓘ
monopolization or attempts to monopolize livestock trade ⓘ undue or unreasonable preferences or advantages in livestock marketing ⓘ unfair trade practices in livestock marketing ⓘ unjustly discriminatory practices by packers and stockyards ⓘ |
| regulatesActivity |
meatpacking business practices
ⓘ
poultry dealer practices ⓘ stockyard operations ⓘ |
| regulatesIndustry |
livestock industry
ⓘ
meatpacking industry ⓘ poultry industry ⓘ |
| relatedTo |
Capper–Volstead Act
NERFINISHED
ⓘ
Clayton Antitrust Act NERFINISHED ⓘ Sherman Antitrust Act NERFINISHED ⓘ |
| requires |
accurate weighing and accounting for livestock transactions
ⓘ
bonding of market agencies and dealers ⓘ registration of stockyards with the USDA ⓘ |
| sector | agriculture ⓘ |
| shortName | PSA NERFINISHED ⓘ |
| signedBy | Warren G. Harding NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.