[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 2814 Introduced in Senate (IS)]







107th CONGRESS
  2d Session
                                S. 2814

To amend the Farm Security and Rural Investment Act of 2002 to clarify 
the rates applicable to marketing assistance loans and loan deficiency 
                      payments for other oilseeds.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             July 29, 2002

Mr. Dorgan (for himself, Mr. Roberts, Mr. Conrad, Mr. Johnson, and Mr. 
  Brownback) introduced the following bill; which was read twice and 
   referred to the Committee on Agriculture, Nutrition, and Forestry

_______________________________________________________________________

                                 A BILL


 
To amend the Farm Security and Rural Investment Act of 2002 to clarify 
the rates applicable to marketing assistance loans and loan deficiency 
                      payments for other oilseeds.

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

SECTION 1. MARKETING ASSISTANCE LOANS AND LOAN DEFICIENCY PAYMENTS FOR 
              OTHER OILSEEDS.

    (a) Definition of Other Oilseed.--Section 1001(9) of the Farm 
Security and Rural Investment Act of 2002 (7 U.S.C. 7901(9)) is amended 
by inserting ``crambe, sesame seed,'' after ``mustard seed,''.
    (b) Loan Rates for Nonrecourse Marketing Assistance Loans.--Section 
1202 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 
7932) is amended--
            (1) in subsection (a), by striking paragraph (10) and 
        inserting the following:
            ``(10) In the case of other oilseeds:
                    ``(A) In the case of oil sunflower seed, 
                confectionery sunflower seed, and other types of 
                sunflower seed, $.0960 per pound, except that the 
                Secretary shall establish a single sunflower loan rate 
                in each county for all seed described in this 
                subparagraph.
                    ``(B) In the case of rapeseed, $.0960 per pound.
                    ``(C) In the case of canola, $.0960 per pound.
                    ``(D) In the case of safflower, $.0960 per pound.
                    ``(E) In the case of flaxseed, $.0960 per pound.
                    ``(F) In the case of mustard seed, $.0960 per 
                pound.
                    ``(G) In the case of crambe, $.0960 per pound.
                    ``(H) In the case of sesame seed, $.0960 per pound.
                    ``(I) In the case of another oilseed designated by 
                the Secretary, $.0960 per pound.''; and
            (2) in subsection (b), by striking paragraph (10) and 
        inserting the following:
            ``(10) In the case of other oilseeds:
                    ``(A) In the case of oil sunflower seed, 
                confectionery sunflower seed, and other types of 
                sunflower seed, $.0930 per pound, except that the 
                Secretary shall establish a single sunflower loan rate 
                in each county for all seed described in this 
                subparagraph.
                    ``(B) In the case of rapeseed, $.0930 per pound.
                    ``(C) In the case of canola, $.0930 per pound.
                    ``(D) In the case of safflower, $.0930 per pound.
                    ``(E) In the case of flaxseed, $.0930 per pound.
                    ``(F) In the case of mustard seed, $.0930 per 
                pound.
                    ``(G) In the case of crambe, $.0930 per pound.
                    ``(H) In the case of sesame seed, $.0930 per pound.
                    ``(I) In the case of another oilseed designated by 
                the Secretary, $.0930 per pound.''.
    (c) Repayment of Loans.--Section 1204 of the Farm Security and 
Rural Investment Act of 2002 (7 U.S.C. 7934) is amended--
            (1) in subsection (a), by striking ``and extra long staple 
        cotton'' and inserting ``extra long staple cotton, oil 
        sunflower seed, confectionery sunflower seed, or any other type 
        of sunflower seed'';
            (2) by redesignating subsection (f) as subsection (g); and
            (3) by inserting after subsection (e) the following:
    ``(f) Repayment Rates for Sunflower Seeds.--The Secretary shall 
permit the producers on a farm to repay a marketing assistance loan 
under section 1201 for oil sunflower seed, confectionery sunflower 
seed, or any other type of sunflower seed at a rate that is the lesser 
of--
            ``(1) the loan rate established for the commodity under 
        section 1202, plus interest (determined in accordance with 
        section 163 of the Federal Agriculture Improvement and Reform 
        Act of 1996 (7 U.S.C. 7283)); or
            ``(2) the repayment rate established (on the basis of the 
        prevailing market price) for oil sunflower seed.''.
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