S.1788 - A bill to facilitate the sale of U.S. agricultural commodities to be stored in the United States not subject to export control and restricted from resale into the U.S. markets.94th Congress (1975-1976)
|Sponsor:||Sen. Bentsen, Lloyd M. [D-TX] (Introduced 05/20/1975)|
|Committees:||Senate - Agriculture and Forestry|
|Latest Action:||Senate - 05/20/1975 Referred to Senate Committee on Agriculture and Forestry. (All Actions)|
This bill has the status Introduced
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Summary: S.1788 — 94th Congress (1975-1976)All Information (Except Text)
Introduced in Senate (05/20/1975)
Provides that foreign countries, agents, or agencies thereof and foreign companies may purchase and store United States agricultural commodities or products thereof in the United States, and to the extent in storage, the commodities shall not be subject to any export controls or restraints.
Stipulates that such stored commodities shall not be resold into the United States except under the restrictions and regulations applicable to imported commodities.
States that before commodities can be stored under the provisions of this Act, prior approval from the Secretary of Agriculture must be obtained by the storage facility involved.