HR 13818 · 95th Congress · Agriculture and Food

Marketing Assistance Act

Introduced 1978-08-09· Sponsored by Rep. Smith, Neal Edward [D-IA-4]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Agriculture.(1978-08-09)

Plain Language Summary

[AI summary unavailable — showing source text] Marketing Assistance Act - Authorizes the Secretary of Agriculture, through the Commodity Credit Corporation, to buy and sell substantially equivalent quantities of any commodity for which a reserve program has been established, to the extent needed to properly handle, rotate, distribute, and relocate such reserve or facilitate the operation of the price support program. Requires such sales to be at an equivalent or higher price than the purchases, allowing for customary location and grade differentials. Requires purchases to offset sales within two market days. Directs the Secretary to make available a daily list showing the price, location, and quantity of the transactions entered into pursuant to this Act.…

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