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HR 1864 105th Congress House Agriculture and Food Agricultural credit Agricultural price supports Collection of accounts Commerce Economics and Public Finance Farm production quotas Finance and Financial Sector Government lending Marketing of farm produce Peanuts

To provide for a gradual reduction in the loan rate for peanuts, to repeal peanut quotas for the 2002 and subsequent crops, and to make nonrecourse loans available for peanut producers.

Introduced: June 11, 1997 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 17, 1997
Referred to the Subcommittee on Risk Management and Specialty Crops.
Jun 11, 1997
Referred to the House Committee on Agriculture.
Jun 11, 1997
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Agricultural Market Transition Act to: (1) reduce the loan rate for quota peanuts by specified amounts through crop year 2001; and (2) eliminate peanut price supports as of crop year 2002. Amends: (1) the Agricultural Adjustment Act of 1938 to eliminate peanut marketing quota provisions as of crop year 2002; and (2) the Agricultural Act of 1949 to make conforming amendments.

Prohibits the Secretary of Agriculture (Secretary) from providing any subsequent peanut price supports.

Directs the Secretary to make nonrecourse loans and loan deficiency payments available to peanut producers beginning with crop year 2002. Sets forth: (1) loan rate, term, and repayment provisions; and (2) deficiency computation provisions.

What's happening now June 17, 1997

Referred to the Subcommittee on Risk Management and Specialty Crops.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 2 Republican 1