II 112th CONGRESS 1st Session S. 459 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.

1.

Short title

This Act may be cited as the MILC Preservation Act of 2011.

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.