Sugar Supply Assurance Act

[AI summary unavailable — showing source text] Sugar Supply Assurance Act - Declares it the policy of Congress to assure a stable and adequate sugar supply. Establishes a base domestic price for sugar and sets forth the formula for adjustment of such price by the Secretary of Agriculture. Amends the Tariff Schedules of the United States to predicate the customs duties on sugar, cocoa, and confectionery upon whether this Act or similar legislation is in effect. Establishes variable customs duty rates for crystalline sugar, liquid sugar, and other sugars dependent upon polariscope rating. Exempts such sugars from the general preference system of the Trade Act of 1974. Revises the rates of duty for such sugars. Repeals the differing duty rates for such sugars imported from Cuba. Prohibits the export of sugar from sugar cane or beets grown in the United States except when the Secretary of Agriculture determines that domestic sugar production in any year will exceed domestic requirements. Prohibits the importation of more than ten short tons of direct-consumption sugar by any person annually unless the Secretary determines that a shortage of sugar exists or is about to occur in the United States that cannot be alleviated by domestic…