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To amend the Food Security Act of 1985 to increase the maximum amount of marketing loan gains and loan deficiency payments that an agricultural producer may receive during the 1999... (Introduced in the House)

HR 2530 IH

106th CONGRESS

1st Session

H. R. 2530

To amend the Food Security Act of 1985 to increase the maximum amount of marketing loan gains and loan deficiency payments that an agricultural producer may receive during the 1999 crop year.

IN THE HOUSE OF REPRESENTATIVES

July 15, 1999

Mr. BARRETT of Nebraska (for himself, Mr. EWING, Mrs. EMERSON, Mr. BISHOP, Mr. HAYES, Mr. WHITFIELD, Mr. HILL of Montana, and Ms. DANNER) introduced the following bill; which was referred to the Committee on Agriculture

A BILL

To amend the Food Security Act of 1985 to increase the maximum amount of marketing loan gains and loan deficiency payments that an agricultural producer may receive during the 1999 crop year.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. ONE-TIME INCREASE IN AUTHORIZED AMOUNT OF MARKETING LOAN GAINS AND LOAN DEFICIENCY PAYMENTS.

Section 1001(2) of the Food Security Act of 1985 (7 U.S.C. 1308(2)) is amended by adding at the end the following new sentence: `However, during the 1999 crop year, the total amount of such payments may not exceed $150,000 per person.'.