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Committee approves bill loosening financial review rules for small grain buyers after testimony from feed‑mill owners
Summary
House file 1063 passed the House Agriculture Finance and Policy Committee after testimony that 2019 reporting requirements had imposed onerous CPA review costs on small grain buyers; the bill sets tiered reporting thresholds and keeps Department of Agriculture oversight and indemnity recoupment authority.
The House Agriculture Finance and Policy Committee on Tuesday passed House File 1063, a bill that changes financial reporting requirements for licensed grain buyers and allows less burdensome financial statements for smaller purchasers.
Chair Anderson moved the bill and the committee voted by roll call. The motion passed with nine yes votes and four no votes and the bill was re‑referred to the General Register. Yes votes were recorded from Representatives Anderson, Harder, Akbate, Buerkle, Frederick, Gander, Jacob, Lawrence and Nelson; no votes were recorded from Representatives Hansen, Smith, Lee and Vang.
The bill revises statutory reporting tiers for grain buyers and, for smaller buyers, permits compilations or tax‑basis financial…
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