S 2251 IS

108th CONGRESS

2d Session

S. 2251

To amend the Farm Security and Rural Investment Act of 2002 to increase the loan rate for safflower.

IN THE SENATE OF THE UNITED STATES

March 29, 2004

Mr. BAUCUS (for himself and Mr. BURNS) introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry


A BILL

To amend the Farm Security and Rural Investment Act of 2002 to increase the loan rate for safflower.

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

SECTION 1. LOAN RATES FOR NONRECOURSE MARKETING ASSISTANCE LOANS.

    Section 1202(b) of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 7932(b)) is amended--

      (1) by redesignating paragraphs (10) through (17) as paragraphs (11) through (18), respectively;

      (2) by inserting after paragraph (9) the following:

      `(10) In the case of safflower, $0.1210 per pound.'; and

      (3) in paragraph (11) (as redesignated by paragraph (1))--

        (A) by inserting `(except safflower)' after `other oilseeds';

        (B) by striking subparagraph (D); and

        (C) by redesignating subparagraphs (E) through (I) as subparagraphs (D) through (H), respectively.

END