To terminate the price support and marketing quota programs for peanuts.
(Introduced in the House)
HR 2598 IH
106th CONGRESS
1st Session
H. R. 2598
To terminate the price support and marketing quota programs
for peanuts.
IN THE HOUSE OF REPRESENTATIVES
July 22, 1999
Mr. WU introduced the following bill; which was referred to the Committee
on Agriculture
A BILL
To terminate the price support and marketing quota programs
for peanuts.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. TERMINATION OF PRICE SUPPORT AND MARKETING QUOTA PROGRAMS FOR
PEANUTS.
(a) PRICE SUPPORT- Section 155 of the Agricultural Market Transition
Act (title I of Public Law 104-127; 7 U.S.C. 7271) is repealed.
(b) MARKETING QUOTA- Part VI of subtitle B of title III of the Agricultural
Adjustment Act of 1938 (7 U.S.C. 1357-1359a), relating to peanuts, is repealed.
(c) CONFORMING AMENDMENTS- The Agricultural Act of 1949 (7 U.S.C. 1441
et seq.) is amended--
(1) in section 101(b) (7 U.S.C. 1441(b)), by striking `and peanuts';
and
(2) in section 408(c) (7 U.S.C. 1428(c)), by striking `peanuts,'.
(e) PROHIBITION ON SUBSEQUENT PROVISION OF PRICE SUPPORT-
(1) PROHIBITION- After the effective date of this section, the Secretary
of Agriculture may not make price support available, whether in the form
of loans, purchases, or other operations, to peanut producers for the 2000
and subsequent crops of peanuts by using the funds of the Commodity Credit
Corporation or under the authority of any law.
(2) OUTSTANDING LOANS- Notwithstanding paragraph (1), the Secretary
shall settle any outstanding loans under section 155 of the Agricultural
Market Transition Act (title I of Public Law 104-127; 7 U.S.C. 7271) made
before the effective date of this section with regard to peanuts.
(f) CONTINUED LIABILITY OF PRODUCERS- An amendment made by this section
shall not affect the liability of any person under any provision of law
as in effect before the effective date of this section.
(g) EFFECTIVE DATE- The amendments made by this section shall take
effect October 1, 1999, and shall apply with respect to the 2000 and subsequent
crops of peanuts.