HR 2945 · 97th Congress · Agriculture and Food
A bill to establish certain price support loan levels and to provide other means of restitution to American farmers in the event of the suspension or restriction of commercial export sales of agricultural commodities.
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: For Further Action See H.R.3603.(1981-05-18)
Plain Language Summary
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Amends the Food and Agriculture Act of 1977 to require the Secretary of Agriculture to establish the loan level for an agricultural export suspended for reasons of foreign policy or national security as the greater of such commodity's average market price: (1) for the 60-day period ending on such suspension; or (2) on the fifth day before such suspension (currently 90 percent of parity in situations of short supplies). Requires the Commodity Credit Corporation to acquire and hold the amount of such commodity that was to have been exported under the suspended contracts.…
Summarized by Claude AI · Non-partisan · For informational purposes only