Trade Suspension Commodity Reserves Act of 1980

[AI summary unavailable — showing source text] Trade Suspension Commodity Reserves Act of 1980 - Authorizes the Secretary of Agriculture to establish trade suspension reserves of wheat, corn, grain sorghums, oats, barley, rye, and such other grains as the Secretary deems appropriate, whenever: (1) the President or other member of the executive branch causes the commercial sales of such commodities to any country or area of the world to be suspended for reasons of national security or foreign policy under any provision of law; and (2) the prices producers receive for such commodities are, or will be, adversely affected by such action. Directs the Secretary to announce, within 30 days after such suspension: (1) whether trade suspension grain reserves under this Act will be established; and (2) the amount of the commodity to be placed in such reserves. Requires that such amount be that portion of the suspended commercial exports which should be removed from the market to maintain producer prices at the levels immediately prior to the suspension. Authorizes the Secretary to establish reserves necessary to stabilize prices under this Act by: (1) purchasing, through the Commodity Credit Corporation, commodities suitable for use in th…