HR 328 IH

To prevent the implementation of parity payments and certain marketing quotas under the Agricultural Adjustment Act of 1938 and the Agricultural Act of 1949, to reduce the amounts available for payments under production flexibility contracts entered into under the Agricultural Market Transition Act, and to shorten the period during which such payments will be made.

To prevent the implementation of parity payments and certain marketing quotas under the Agricultural Adjustment Act of 1938 and the Agricultural Act of 1949, to reduce the amounts available for payments under production flexibility contracts entered into under the Agricultural Market Transition Act, and to shorten the period during which such payments will be made.

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

SECTION 1. SHORT TITLE.

This Act may be cited as the `Agricultural Reconciliation Act of 1999'.

SEC. 2. PROHIBITION ON PARITY PAYMENTS AND MARKETING QUOTAS FOR BASIC AGRICULTURAL COMMODITIES.

(a) ACTIVITIES UNDER 1938 ACT- The Agricultural Adjustment Act of 1938 is amended by striking the following provisions:

(1) Section 303 (7 U.S.C. 1303), relating to parity payments.

(2) Part II of subtitle B of title III (7 U.S.C. 1326 et seq.), relating to acreage allotments for corn.

(3) Part III of subtitle B of title III (7 U.S.C. 1331 et seq.), relating to marketing quotas for wheat.

(4) Part IV of subtitle B of title III (7 U.S.C. 1341 et seq.), relating to marketing quotas for cotton.

(5) Part V of subtitle B of title III (7 U.S.C. 1351 et seq.), relating to marketing quotas for rice.

(6) Subtitle D of title III (7 U.S.C. 1379a et seq.), relating to wheat marketing allocation.

(b) ACTIVITIES UNDER 1949 ACT- The Agricultural Act of 1949 is amended by striking the following provisions:

(1) Section 101 (7 U.S.C. 1441), relating to parity payments.

(2) Section 103 (7 U.S.C. 1444), relating to cotton price support.

(3) Section 105 (7 U.S.C. 1444b), relating to feed grain price support.

(4) Section 107 (7 U.S.C. 1445a), relating to wheat price support.

(c) SPECIAL WHEAT AND CORN PROVISION- The joint resolution entitled `A joint resolution relating to corn and wheat marketing quotas under the Agricultural Adjustment Act of 1938, as amended', approved May 26, 1941 (7 U.S.C. 1330 and 1340), is repealed.

SEC. 3. PAYMENTS AND PAYMENT DURATION UNDER PRODUCTION FLEXIBILITY CONTRACTS.

(a) REDUCTIONS- Section 113(a) of the Agricultural Market Transition Act (7 U.S.C. 7213) is amended by striking paragraphs (5), (6), and (7) and inserting the following new paragraphs:

`(5) For fiscal year 2000, $3,306,000,000.

`(6) For fiscal year 2001, $1,653,000,000.

`(7) For fiscal year 2002, $0.'.

(b) PROHIBITION ON SUBSEQUENT PROVISION OF PRICE SUPPORT FOR BASIC COMMODITIES- During fiscal year 2002 and thereafter, the Secretary of Agriculture may not make price support available, whether in the form of loans, purchases, production flexibility contracts, or other operations, with respect to wheat, corn, grain sorghum, barley, oats, upland cotton, or rice, by using the funds of the Commodity Credit Corporation or under the authority of any law.