[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2598 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 2598

    To terminate the price support and marketing quota programs for 
                                peanuts.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 22, 1999

    Mr. Wu introduced the following bill; which was referred to the 
                        Committee on Agriculture

_______________________________________________________________________

                                 A BILL


 
    To terminate the price support and marketing quota programs for 
                                peanuts.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TERMINATION OF PRICE SUPPORT AND MARKETING QUOTA PROGRAMS 
              FOR PEANUTS.

    (a) Price Support.--Section 155 of the Agricultural Market 
Transition Act (title I of Public Law 104-127; 7 U.S.C. 7271) is 
repealed.
    (b) Marketing Quota.--Part VI of subtitle B of title III of the 
Agricultural Adjustment Act of 1938 (7 U.S.C. 1357-1359a), relating to 
peanuts, is repealed.
    (c) Conforming Amendments.--The Agricultural Act of 1949 (7 U.S.C. 
1441 et seq.) is amended--
            (1) in section 101(b) (7 U.S.C. 1441(b)), by striking ``and 
        peanuts''; and
            (2) in section 408(c) (7 U.S.C. 1428(c)), by striking 
        ``peanuts,''.
    (e) Prohibition on Subsequent Provision of Price Support.--
            (1) Prohibition.--After the effective date of this section, 
        the Secretary of Agriculture may not make price support 
        available, whether in the form of loans, purchases, or other 
        operations, to peanut producers for the 2000 and subsequent 
        crops of peanuts by using the funds of the Commodity Credit 
        Corporation or under the authority of any law.
            (2) Outstanding loans.--Notwithstanding paragraph (1), the 
        Secretary shall settle any outstanding loans under section 155 
        of the Agricultural Market Transition Act (title I of Public 
        Law 104-127; 7 U.S.C. 7271) made before the effective date of 
        this section with regard to peanuts.
    (f) Continued Liability of Producers.--An amendment made by this 
section shall not affect the liability of any person under any 
provision of law as in effect before the effective date of this 
section.
    (g) Effective Date.--The amendments made by this section shall take 
effect October 1, 1999, and shall apply with respect to the 2000 and 
subsequent crops of peanuts.
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