SB 717
Senate·20th Congress·Filed Jul 21, 2025
Warehouse Receipts Act of 2025
An Act Modernizing the Warehouse Receipts Law in Order to Provide a Legal Framework That Shall Facilitate Trade and Commerce Creating the Warehouse Accreditation Council, Appropriating Funds Therefor, and for Other Purposes
In plain language
The bill would modernize the century‑old warehouse‑receipts system by putting all receipts in a secure online database, requiring warehouses and their operators to be accredited, and allowing farmers to use stored harvests as loan collateral.
Agriculture and FisheriesBusiness, Trade and Industry
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Author · Senator
Subjects
Warehouse Receipts
Official sources
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SBN-717 · Sources: BetterGov Open Congress, BatasWatch