[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[S. 127 Introduced in Senate (IS)]







106th CONGRESS
  1st Session
                                 S. 127

    To amend the Agricultural Market Transition Act to prohibit the 
  Secretary of Agriculture from including any storage charges in the 
calculation of loan deficiency payments or loans made to producers for 
                           loan commodities.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 19, 1999

 Mr. Feingold introduced the following bill; which was read twice and 
   referred to the Committee on Agriculture, Nutrition, and Forestry

_______________________________________________________________________

                                 A BILL


 
    To amend the Agricultural Market Transition Act to prohibit the 
  Secretary of Agriculture from including any storage charges in the 
calculation of loan deficiency payments or loans made to producers for 
                           loan commodities.

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

SECTION 1. STORAGE CHARGES FOR LOAN COMMODITIES.

    Subtitle C of the Agricultural Market Transition Act (7 U.S.C. 7231 
et seq.) is amended by adding at the end the following:

``SEC. 138. STORAGE CHARGES FOR LOAN COMMODITIES.

    ``In calculating the amount of a loan deficiency payment or loan 
made to a producer for a loan commodity under this subtitle, the 
Secretary may not include any storage charges incurred by the producer 
in connection with the loan commodity.''.
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