§ 1310. American agriculture protection program
343 words·~2 min read·
/usc/title-7/section-1310A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Determination of short supply; suspension of commercial export sales; parity price Notwithstanding any other provision of law, whenever the President or any other member of the executive branch of the Federal Government causes to be suspended, based upon a determination of short supply, the commercial export sales of any commodity, as defined in subsection
(c)of this section, to any country or area with which the United States otherwise continues commercial trade, the Secretary of Agriculture shall, on the day the suspension is initiated, set the loan level for such commodity under the Agricultural Act of 1949, as amended [7 U.S.C. 1421 et seq.], if a loan program is in effect for the commodity, at 90 per centum of the parity price for the commodity, as such parity price is determined on the day the suspension is initiated.
(b)Duration of loan level Any loan level established pursuant to subsection
(a)of this section shall remain in effect as long as the suspension of commercial export sales described in subsection
(a)remains in effect.
(c)“Commodity” defined For purposes of this section, the term “commodity” shall include any of the following: wheat, corn, grain sorghum, soybeans, oats, rye, barley, rice, flaxseed, and cotton.
(Pub. L. 95–113, title X, § 1002, Sept. 29, 1977, 91 Stat. 950.)
Connections5 cite this · traces to 2
Cited by 5 sections
statute-compilations
5 references not yet in our index
- Pub. L. 95–113, title X, § 1002
- 91 Stat. 950
- act Oct. 31, 1949, ch. 792
- 63 Stat. 1051
- section 1901 of Pub. L. 95–113
Citation graph
cites case law
§ 1310
American agriculture protection program
Stat. Comp.×2
Stat.×2
U.S.C.×1
Pub. L.Pub. L. 95–113, title X, § 1002
Stat.91 Stat. 950
Actact Oct. 31, 1949, ch. 792
Stat.63 Stat. 1051
Pub. L.section 1901 of Pub. L. 95–113
Cites 7Cited by 5 across 3 sources