S.553 - A bill to provide for more balance in the stocks of dairy products purchased by the Commodity Credit Corporation.101st Congress (1989-1990)
|Sponsor:||Sen. Leahy, Patrick J. [D-VT] (Introduced 03/09/1989)|
|Committees:||House - Agriculture|
|Latest Action:||03/29/1989 Became Public Law No: 101-7. (All Actions)|
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Passed Senate
- Passed House
- Resolving Differences
- To President
- Became Law
Summary: S.553 — 101st Congress (1989-1990)All Information (Except Text)
Passed House amended (03/15/1989)
Provides that with regard to specified scheduled milk price support increases and decreases: (1) at least 75 percent of such increases shall be for non-fat dry milk and not more than 25 percent for butter; and (2) at least 75 percent of such decreases shall be for butter and not more than 25 percent for non-fat dry milk.
Authorizes the Secretary of Agriculture to allocate such price support rate decreases between non-fat dry milk and butter in any other manner that is least expensive for the Commodity Credit Corporation. Requires the Secretary to notify the appropriate congressional committees of any such determination.