Legislation to expand financial protections in the Packers and Stockyards Act to transactions made electronically is headed to the White House after the Senate cleared the measure by unanimous consent last week. The bill would amend the law to include sales made using video or through an online auction house. The bill would also specify that funds can be transferred electronically, such as through a debit or credit card. Currently, the law allows only check or wire transfer to settle sales. Pro Farmer reports the bill now moves to the president’s desk, though the White House has not issued a position.
