[Congressional Record Volume 171, Number 112 (Saturday, June 28, 2025)]
[Senate]
[Page S4005]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2539. Mr. WELCH submitted an amendment intended to be proposed by 
him to the bill H.R. 1, to provide for reconciliation pursuant to title 
II of H. Con. Res. 14; which was ordered to lie on the table; as 
follows:

       Strike sections 10201 and 10301 and insert the following:

     SEC. 10301. REFERENCE PRICE.

       Section 1111(19) of the Agricultural Act of 2014 (7 U.S.C. 
     9011(19)) is amended--
       (1) by redesignating subparagraphs (A) through (O) as 
     clauses (i) through (xv), respectively, and indenting 
     appropriately;
       (2) in the matter preceding clause (i) (as so 
     redesignated), by striking ``The term'' and inserting the 
     following:
       ``(A) In general.--Subject to subparagraph (B), the term''; 
     and
       (3) by adding at the end the following:
       ``(B) Effectiveness.--Effective beginning with the 2025 
     crop year, the reference prices defined in subparagraph (A) 
     with respect to a covered commodity shall equal the reference 
     price defined in that subparagraph multiplied by 1.05.''.
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