International Sugar Stabilization Act

[AI summary unavailable — showing source text] International Sugar Stabilization Act - Title I: International Sugar Agreement, 1977 - Authorizes the President to prohibit the importation of sugar from any country not a member of the International Sugar Organization, and to otherwise regulate foreign trade in sugar to implement the International Sugar Agreement. Establishes criminal penalties for the violation of such regulations. Requires the President to submit to Congress an annual report on the Agreement. Title II: Import Restrictions on Sugar - Establishes 12 cents per pound raw value as the price objective for domestic sugar. Requires the Secretary of Agriculture to monitor the average daily price of sugar. Directs the Secretary to recommend to the President the imposition of import fees and quotas, if necessary, in order to attain the price objective for domestic sugar. Authorizes the President to proclaim such import fees and quotas after receiving a recommendation from the Secretary. Authorizes the President to impose a quota or duty on the importation of sugar-containing products. Prohibits the importation of certain sugar or liquid sugar into the Virgin Islands in excess of 100 pounds annually. Prohibits the exportati…