Text: H.R.4845 — 101st Congress (1989-1990)All Information (Except Text)

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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  peanuts, is repealed.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.