H.R.4845 - Peanut Program Modernization Act of 1990101st Congress (1989-1990)
|Sponsor:||Rep. Armey, Richard K. [R-TX-26] (Introduced 05/17/1990)|
|Committees:||House - Agriculture|
|Latest Action:||House - 05/21/1990 Referred to the Subcommittee on Tobacco and Peanuts. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
Text: H.R.4845 — 101st Congress (1989-1990)All Information (Except Text)
There is one version of the bill.
Text available as:
- Bill and resolution texts for 1989-1992 (101st-102nd Congresses) predate authenticated digital publishing.
Introduced in House
HR 4845 IH 101st CONGRESS 2d Session H. R. 4845 To repeal the existing quota and price support program for peanuts and to authorize the Secretary of Agriculture to support the price of peanuts at a level to be determined by the Secretary. IN THE HOUSE OF REPRESENTATIVES May 17, 1990 Mr. ARMEY (for himself and Mr. JACOBS) introduced the following bill; which was referred to the Committee on Agriculture A BILL To repeal the existing quota and price support program for peanuts and to authorize the Secretary of Agriculture to support the price of peanuts at a level to be determined by the Secretary. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the `Peanut Program Modernization Act of 1990'. SEC. 2. REPEAL OF EXISTING PEANUT PROGRAM. (a) MARKETING QUOTAS- Part VI of subtitle B of title III of the Agricultural Adjustment Act of 1938 (7 U.S.C. 1357-1359), relating to peanuts, is repealed. (b) PRICE SUPPORT LEVELS- The Agricultural Act of 1949 (7 U.S.C. 1441 et seq.) is amended-- (1) by striking `and peanuts' in section 101(b) (7 U.S.C. 1441(b)); (2) by striking `peanuts,' in section 408(c) (7 U.S.C. 1428(c)); and (3) by striking sections 108, 108A, and 108B, relating to peanuts (7 U.S.C. 1445c, 1445c-1, and 1445c-2). SEC. 3. PRICE SUPPORT FOR PEANUTS. Section 201 of the Agricultural Act of 1949 (7 U.S.C. 1446) is amended-- (1) by inserting `peanuts,' after `honey,' in the matter preceding subsection (b); and (2) by inserting after `as follows:' in such matter the following new subsection: `(a) PEANUTS- The prices of the 1991 and subsequent crops of peanuts shall be supported at such level as the Secretary determines to be appropriate. In making that determination, the Secretary shall take into consideration the factors specified in paragraphs (1) through (8) of section 401(b) of this Act, the cost of production, any change in the index of prices paid by farmers for production items, interest, taxes, and wage rates during the period beginning January 1 and ending December 31 of the calendar year immediately preceding the crop year for which the level of support is being determined, the demand for peanuts for domestic edible use, peanut oil, and meal, expected prices of other vegetable oils and protein meals, and the demand for peanuts in foreign markets.'. SEC. 4. EFFECTIVE DATE. The amendments made by this Act shall take effect beginning with the 1991 crop of peanuts.