The bill would require large poultry businesses seeking federal compensation for flocks affected by highly pathogenic avian influenza to certify that they will not pay dividends or buy back certain shares for two years after receiving compensation. A covered business must have more than $100 million in annual revenue and more than 1,500 employees, counting affiliates and certain contractors. Public companies and private-equity-owned businesses would also have to certify that they need the compensation to support operations and cannot access enough other funds without significant harm. Knowingly making a false statement could require repayment with interest and could lead to imprisonment for up to five years, a fine of up to $1 million, or both.
The bill sets conditions on federal compensation for certain large poultry businesses affected by avian influenza. It does not describe changes to payments for individuals.
The bill does not specify new spending amounts. It sets conditions for receiving compensation under an existing program.
No publicly available information.
No publicly available information.