Grassley Concedes February Cattle Market Reform Unlikely Amid More Stop-Gap Spending

The chief Senate sponsor of cattle market reforms concedes a key chance to advance his bill this month is fading with an unlikely spending agreement he could have amended.

Iowa Republican Chuck Grassley admits an omnibus spending bill that could have been his ‘ticket’ for cattle market reform as part of Livestock Mandatory Reporting, is now unlikely.

“Since there’s no agreement between Republicans and Democrats on exactly what should be in the final omnibus bill, there seems to be general certainty–at least expressed this week in the small groups I’ve been in–it’s going to ‘kick the can down the road for a short period of time, or a long period of time, that nobody’s determined, yet.”

Forcing Grassley and other Midwest lawmakers to continue to push to be part of separate Livestock Mandatory Reporting renewal, or a big tech competition bill like one the Senate passed, but not the House.

Meantime, Grassley reminisced with President Biden about earlier cattle market reform efforts, during a White House meeting on a Biden pick for the Supreme Court. Grassley.

“He says, ‘I remember you talking about that 25-years ago.’ And maybe it’s been 30-years ago, but the point is, we had trouble with the cattle markets, and people in Iowa felt they weren’t getting a fair price, there was manipulation of trading on the Chicago Merc Exchange, and they wanted to be able to sue.”

But couldn’t with a Supreme Court decision called “Illinois brick” standing in the way.

But Grassley says he brought up the issue, not to win Biden’s endorsement of his new cattle market bill, but only to bring attention to the issue, decades after Biden learned about it in the Senate.

%d bloggers like this: