HR 12673 · 95th Congress · Agriculture in foreign trade

Agricultural Trade Act

Introduced 1978-05-10· Sponsored by Rep. Stockman, David A. [R-MI-4]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on International Relations.(1978-05-10)

Plain Language Summary

[AI summary unavailable — showing source text] Agricultural Trade Act - Title I: Establishment of United States Agricultural Trade Offices - Amends the Agricultural Act of 1954 to add a new title authorizing the Secretary of Agriculture to establish abroad not less than 25 United States Agricultural Trade Offices to perform duties relating to foreign market development. Enumerates the functions of each Office, including: (1) to increase the effectiveness of agricultural export promotion; (2) to develop listings of commodity area contracts; and (3) to provide assistance for the export credit sales program and the export incentives program. Title II: Intermediate Commercial Credit - Amends the Commodity Credit Corporation Charter Act to finance, under its export credit sales program, export sales of agricultural commodities out of Commodity Credit Corporation and private stocks on credit terms in excess of three but not more than ten years. Exempts such sales from specified provisions of the Merchant Marine Act, 1936. Title III: Reorganization - Establishes in the Department of Agriculture: (1) an Assistant Secretary of Agriculture for Commodity Programs to perform agricultural stabilization and conservation functions; and (2) an…

Summarized by Claude AI · Non-partisan · For informational purposes only