S 2453 · 98th Congress · Agriculture and Food

A bill to require the Commodity Credit Corporation to have certain provisions in contracts entered into by the Corporation for storage of agricultural commodities.

Introduced 1984-03-20· Sponsored by Sen. Boren, David L. [D-OK]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Subcommittee on Agricultural Production.(1984-03-26)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Commodity Credit Corporation Charter Act regarding long-term (in excess of one year) commodity storage contracts to require that: (1) rental rates shall be less than rates charged for one-year agreements; (2) the Commodity Credit Corporation (CCC) would not be obligated to pay for unused space it leases to another party; and (3) the CCC can terminate the agreement if the space is no longer needed and the owner can be given reasonable time to rent the space to another party.…

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

Cosponsors (1)

1 Democrat