Sec. 4. Two-year extension of marketing allotments for sugar and subsequent administration of tariff-rate quotas
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Section 359b(a)(1) of the Agricultural Adjustment Act of 1938 ( 7 U.S.C. 1359bb(a)(1) ) is amended by striking 2018 and inserting 2020 . Section 359l(a) of the Agricultural Adjustment Act of 1938 ( 7 U.S.C. 1359ll(a) ) is amended by striking 2018 and inserting 2020 . Section 359k(b) of the Agricultural Adjustment Act of 1938 ( 7 U.S.C. 1359kk(b) ) is amended by adding at the end the following new paragraph: Notwithstanding paragraphs
(1)and (2), the Secretary shall adjust tariff-rate quotas established under subsection
(a)in such a manner as to ensure, to the maximum extent practicable, that— the final ratio of sugar stocks to total sugar use at the end of a crop year will be approximately— 14.5 percent for fiscal year 2019; and 15 percent for fiscal year 2020; and stocks of raw cane and refined beet sugar are adequate throughout the crop year to meet the needs of the marketplace, including the efficient utilization of cane refining capacity. . Effective October 1, 2020, part VII of subtitle B of title III of the Agricultural Adjustment Act of 1938 ( 7 U.S.C. 1359aa et seq.) is amended to read as follows: Notwithstanding any other provision of law, at the beginning of fiscal year 2021 and each fiscal year thereafter through the end of the effective period, the Secretary shall establish the tariff-rate quotas for raw cane sugar and refined sugar to provide adequate supplies of sugar at reasonable prices, but at no less than the minimum level necessary to comply with obligations under international trade agreements that have been approved by Congress. The Secretary shall adjust tariff-rate quotas established under subsection
(a)in such a manner as to ensure, to the maximum extent practicable, that— the final ratio of sugar stocks to total sugar use at the end of a fiscal year will be approximately 15.5 percent for fiscal year 2021 and each fiscal year thereafter through the end of the effective period; and stocks of raw cane and refined beet sugar are adequate throughout the crop year to meet the needs of the marketplace, including the efficient utilization of cane refining capacity. The Secretary shall promulgate regulations that— promote full use of the tariff-rate quotas for raw cane sugar and refined sugar and ensure adequate supplies for cane refiners in the United States; provide that any country that has been allocated a share of the quotas may temporarily transfer all or part of the share to any other country that has also been allocated a share of the quotas. Any transfer under this subsection shall be valid only pursuant to a voluntary agreement between the transferor and the transferee, consistent with procedures established by the Secretary. Any transfer under this subsection shall be valid only for the duration of the fiscal year during which the transfer is made. No transfer under this subsection shall affect the share of the quota allocated to the transferor or transferee for the following fiscal year. This section shall be effective for fiscal years only through the 2023 crop year for sugar. . Part VII of subtitle B of title III of the Agricultural Adjustment Act of 1938 ( 7 U.S.C. 1359aa et seq.), as in effect on the day before the date specified in paragraph (1), shall continue to apply to the 2019 and 2020 crop years for sugar.
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Sec. 4
Two-year extension of marketing allotments for sugar and subsequent administration of tariff-rate quotas
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