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Code · BILL · 116th Congress · S. 2568 (Introduced in Senate) — To reform the Federal sugar program, and for other purposes. · Sec. 3

Sec. 3. Flexible marketing allotments for sugar repealed

387 words·~2 min read·/bill/116/s/2568/is/section-3

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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: At the beginning of each quota year, the Secretary shall establish the tariff-rate quotas for raw cane sugar and refined sugar at a level that is not less than the minimum level necessary to comply with obligations under international trade agreements that Congress has approved. Subject to subsection (a), the Secretary shall adjust the tariff-rate quotas for raw cane sugar and refined sugar to provide adequate supplies of sugar at reasonable prices in the domestic market. Subject to paragraphs
(1)and (3), the Secretary shall establish and adjust tariff-rate quotas so that the ratio of sugar stocks to total sugar use at the end of each quota year shall be approximately 15.5 percent. The Secretary may establish a different target percentage for the ratio of ending stocks to total use described in paragraph
(2)if the Secretary determines the different target percentage is necessary to prevent— unreasonably high prices; or forfeitures of sugar pledged as collateral for a loan under section 156 of the Federal Agriculture Improvement and Reform Act of 1996 ( 7 U.S.C. 7272 ). The Secretary shall publicly announce an establishment of a target percentage under this paragraph. In establishing tariff-rate quotas under subsection
(a)and making adjustments under this subsection, the Secretary shall consider the impact of the quotas on consumers, workers, businesses (including small businesses), and agricultural producers. To promote the full use of the tariff-rate quotas for raw cane sugar and refined sugar established or adjusted under subsection
(a)or (b), respectively, the Secretary shall promulgate regulations that provide that a country that has been allocated a share of the quotas may temporarily transfer all or part of the share to another country that has also been allocated a share of the quotas. A transfer under this subsection shall be valid only on voluntary agreement between the transferor and the transferee, consistent with procedures established by the Secretary. A transfer under this subsection shall be valid only for the duration of the quota 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 quota year. .
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Sec. 3
Flexible marketing allotments for sugar repealed
U.S.C.§ 1359aa
U.S.C.§ 7272
Cites 2Cited by 0 across 0 sources
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