[Congressional Record Volume 171, Number 113 (Monday, June 30, 2025)]
[Senate]
[Page S4097]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2693. Mr. WELCH submitted an amendment intended to be proposed to 
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) 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 section 10103.
       Strike section 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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