[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4265 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 4265

  To amend the Agricultural Market Transition Act to provide for the 
 advance payment, in full, of the fiscal year 1999 payments otherwise 
            required under production flexibility contracts.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 17, 1998

Mr. Smith of Oregon (for himself, Mr. Combest, Mr. Barrett of Nebraska, 
Mr. Ewing, Mr. Pombo, Mr. Thune, Mr. Doolittle, Mr. Lucas of Oklahoma, 
   Mr. Lewis of Kentucky, Mr. LaHood, Mr. Bryant, Mrs. Emerson, Mr. 
 Cooksey, Mr. Boehner, Mrs. Chenoweth, Mr. Everett, Mr. Pickering, Mr. 
Smith of Michigan, Mr. Moran of Kansas, Mr. Jenkins, Mr. Chambliss, Mr. 
   Foley, Mr. Canady of Florida, Mr. Hostettler, Mr. Blunt, Mr. Bob 
Schaffer of Colorado, Mr. Thornberry, Mr. Latham, Mr. Buyer, Mr. Jones, 
  Mr. Watts of Oklahoma, Mr. Watkins, Mrs. Cubin, Mr. Nethercutt, Mr. 
    Gutknecht, Mr. Skeen, Mr. Sessions, Mr. White, Mr. Hastings of 
 Washington, Mr. Crapo, Mr. Ganske, Mr. Nussle, Mr. Thomas, Mr. Leach, 
Mr. Bunning, Mr. Stump, Mr. Brady of Texas, Mr. Paul, Mr. McCrery, and 
Mr. McIntosh) introduced the following bill; which was referred to the 
                        Committee on Agriculture

_______________________________________________________________________

                                 A BILL


 
  To amend the Agricultural Market Transition Act to provide for the 
 advance payment, in full, of the fiscal year 1999 payments otherwise 
            required under production flexibility contracts.

    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 ``Emergency Farm Financial Relief 
Act''.

SEC. 2. SPECIAL RULE FOR FISCAL YEAR 1999 PAYMENT UNDER PRODUCTION 
              FLEXIBILITY CONTRACTS.

    Section 112(d) of the Agricultural Market Transition Act (7 U.S.C. 
7212(d)) is amended by adding at the end the following new paragraph:
            ``(3) Special rule for fiscal year 1999.--Notwithstanding 
        the times for making an annual contract payment specified in 
        paragraph (1) or (2), at the option of the owner or producer, 
        the Secretary shall pay the full amount (or such portion as the 
        owner or producer may specify) of the contract payment required 
        to be paid during fiscal year 1999 at such time or times during 
        that fiscal year as the owner or producer may specify, so long 
        as the full payment is completed by the end of that fiscal 
        year.''.
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