To provide supplemental market loss payments for farm owners and producers
for certain 1999 crops. (Introduced in the House)
HR 2716 IH
106th CONGRESS
1st Session
H. R. 2716
To provide supplemental market loss payments for farm owners
and producers for certain 1999 crops.
IN THE HOUSE OF REPRESENTATIVES
August 5, 1999
Mr. SMITH of Michigan (for himself, Mr. PHELPS, Mr. LEWIS of Kentucky,
Mr. BARCIA, Mr. BOSWELL, and Mr. THUNE) introduced the following bill;
which was referred to the Committee on Agriculture, and in addition to
the Committee on the Budget, for a period to be subsequently determined
by the Speaker, in each case for consideration of such provisions as fall
within the jurisdication of the committee concerned
A BILL
To provide supplemental market loss payments for farm owners
and producers for certain 1999 crops.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. MARKET LOSS ASSISTANCE PAYMENTS FOR FARM OWNERS AND PRODUCERS.
(a) IN GENERAL- Subject to subsection (e), the Secretary of Agriculture
shall use not more than $5,500,000,000 for assistance to owners and producers
on a farm who are eligible for final payments for fiscal year 1999 under
a production flexibility contract for the farm under the Agricultural Market
Transition Act (7 U.S.C. 7201 et seq.) to partially compensate the owners
and producers for the loss of markets for the 1999 crop of a commodity.
(b) AMOUNT- The amount of assistance made available to owners and producers
on a farm under this section shall be proportional to the amount of the
contract payment received by the owners and producers for fiscal year 1999
under a production flexibility contract for the farm under the Agricultural
Market Transition Act.
(c) TIME FOR PAYMENT- The assistance made available under this section
for an eligible owner or producer shall be made as soon as practicable
after the date of enactment of this Act.
(d) USE OF COMMODITY CREDIT CORPORATION- Subject to subsection (e),
the Secretary shall use the funds, facilities, and authorities of the Commodity
Credit Corporation to carry out this section.
(e) EMERGENCY REQUIREMENT- Notwithstanding the last sentence of section
252(e) of the Balanced Budget and Emergency Deficit Control Act of 1985,
amounts made available by this section are designated by the Congress as
an emergency requirement pursuant to section 252(e) of the Balanced Budget
and Emergency Deficit Control Act of 1985: Provided, That such amounts
shall be available only to the extent that an official budget request that
includes designation of the entire amount of the request as an emergency
requirement as defined in the Balanced Budget and Emergency Deficit Control
Act of 1985, is transmitted by the President to Congress.