[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[S. 459 Introduced in Senate (IS)]

112th CONGRESS
  1st Session
                                 S. 459

  To amend the Food, Conservation, and Energy Act of 2008 to preserve 
        certain rates for the milk income loss contract program.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 2, 2011

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

_______________________________________________________________________

                                 A BILL


 
  To amend the Food, Conservation, and Energy Act of 2008 to preserve 
        certain rates for the milk income loss contract program.

    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 ``MILC Preservation Act of 2011''.

SEC. 2. MILK INCOME LOSS CONTRACT PROGRAM.

    (a) Payment Rate.--Section 1506(c)(3) of the Food, Conservation, 
and Energy Act of 2008 (7 U.S.C. 8773(c)(3)) is amended--
            (1) in subparagraph (A), by inserting ``and'' at the end; 
        and
            (2) in subparagraph (B), by striking ``ending August 31, 
        2012'' and all that follows through the end of subparagraph (C) 
        and inserting ``thereafter, 45 percent.''
    (b) Payment Rate Adjustment for Feed Prices.--Section 1506(d) of 
the Food, Conservation, and Energy Act of 2008 (7 U.S.C. 8773(d)) is 
amended--
            (1) in paragraph (1), by striking the paragraph heading and 
        all that follows through ``August 31, 2012,'' and inserting the 
        following:
            ``(1) In general.--For any month beginning on or after 
        January 1, 2008,'';
            (2) by striking paragraph (2); and
            (3) by redesignating paragraph (3) as paragraph (2).
    (c) Budgetary Effects.--The budgetary effects of this Act, for the 
purpose of complying with the Statutory Pay-As-You-Go Act of 2010, 
shall be determined by reference to the latest statement titled 
``Budgetary Effects of PAYGO Legislation'' for this Act, submitted for 
printing in the Congressional Record by the Chairman of the Senate 
Budget Committee, provided that such statement has been submitted prior 
to the vote on passage.
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