[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1339 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 1339

To provide market loss assistance during fiscal year 2001 to owners and 
producers on farms who are eligible for a final payment for fiscal year 
  2001 under production flexibility contracts entered into under the 
                  Agricultural Market Transition Act.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 3, 2001

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

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                                 A BILL


 
To provide market loss assistance during fiscal year 2001 to owners and 
producers on farms who are eligible for a final payment for fiscal year 
  2001 under production flexibility contracts entered into under the 
                  Agricultural Market Transition Act.

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

SECTION 1. MARKET LOSS ASSISTANCE FOR FISCAL YEAR 2001.

    (a) In General.--The Secretary of Agriculture shall use funds of 
the Commodity Credit Corporation to provide assistance in the form of a 
market loss assistance payment to owners and producers on a farm that 
are eligible for a final payment for fiscal year 2001 under a 
production flexibility contract for the farm under the Agricultural 
Market Transition Act (7 U.S.C. 7201 et seq.).
    (b) Amount and Manner.--In providing payments under this section, 
the Secretary shall--
            (1) use the same contract payment rates as are used under 
        section 802(b) of the Agriculture, Rural Development, Food and 
        Drug Administration, and Related Agencies Appropriations Act, 
        2000 (7 U.S.C. 1421 note; Public Law 106-78); and
            (2) provide the payments in a manner that is consistent 
        with section 802(c) of that Act.
    (c) Timing.--The Secretary shall make the payments required by this 
section not later than June 30, 2001.
    (d) Treatment of Direct Spending.--For purposes of section 252(e) 
of the Balanced Budget and Emergency Deficit Control Act of 1985, all 
direct spending resulting from subsection (a) is designated by the 
Congress as an emergency requirement, subject to the additional 
requirement that the President also designate such direct spending as 
an emergency requirement under such section.
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