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 in the matter preceding subparagraph
(A)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: 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 fiscal year is— 14.5 percent for fiscal year 2019; and 15 percent for fiscal year 2020; and stocks of raw cane sugar and refined beet sugar are adequate throughout each of fiscal years 2019 and 2020 to meet the needs of the marketplace, including the efficient use of raw cane sugar refining capacity. . Section 359l(a) of the Agricultural Adjustment Act of 1938 ( 7 U.S.C. 1359ll(a) ) is amended by striking 2018 and inserting 2020 . Effective on 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 described in subsection (d), the Secretary shall establish tariff-rate quotas for raw cane sugar and refined beet sugar— to provide adequate supplies of sugar at reasonable prices; and at such levels as are 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 each fiscal year is 15.5 percent; and stocks of raw cane and refined beet sugar are adequate throughout each fiscal year to meet the needs of the marketplace, including the efficient use of cane refining capacity. The Secretary shall promulgate regulations that— promote the maximum practicable use of the tariff-rate quotas established under subsection (a); ensure adequate supplies of raw cane sugar for cane refiners in the United States; and provide that any country that has been allocated a share of the tariff-rate quotas established under subsection
(a)may temporarily transfer all or part of the share to any other country that has been allocated a share of the quotas. Any transfer under paragraph (1)(C) shall be valid only— pursuant to a voluntary agreement between the transferor and the transferee; and consistent with procedures established by the Secretary. Any transfer under paragraph (1)(C) shall be valid only for the duration of the fiscal year during which the transfer is made. No transfer under paragraph (1)(C) shall affect the share of the quota allocated to the transferor or transferee for the next fiscal year after the fiscal year during which the transfer is made. This section shall be effective only through fiscal year 2023. . 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 sugarcane and sugar beets.
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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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