Milk Price Stabilization Act of 1990

Milk Price Stabilization Act of 1990 - Amends the Agricultural Act of 1949 to set forth 1991 through 1995 milk price support and adjustment levels.

 
HR 4348 IH
101st CONGRESS
2d Session
 H. R. 4348
To amend the Agricultural Act of 1949 to modify the price support program
applicable to milk during fiscal years 1991 through 1995.
IN THE HOUSE OF REPRESENTATIVES
March 21, 1990
Mr. RIDGE (for himself, Ms. SLAUGHTER of New York, Mr. BOEHLERT, and Mr. SMITH
of Vermont) introduced the following bill; which was referred to the Committee
on Agriculture
A BILL
To amend the Agricultural Act of 1949 to modify the price support program
applicable to milk during fiscal years 1991 through 1995.
  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 `Milk Price Stabilization Act of 1990'.
SEC. 2. AMENDMENTS TO THE AGRICULTURAL ACT OF 1949.
  Paragraph (1) of section 201(d) of the Agricultural Act of 1949 (7
  U.S.C. 1446(d)(1)) is amended to read as follows:
  `(1)(A) During the period beginning January 1, 1991, and ending December
  31, 1995, the price of milk shall be supported as provided in this paragraph.
  `(B) During the period beginning January 1, 1991, and ending December 31,
  1995, the price of milk shall be supported at a rate not less than $10.60
  per hundredweight for milk containing 3.67 percent milkfat.
  `(C) If for calendar year 1991, 1992, 1993, 1994, or 1995 the purchases
  of milk and the products of milk under this paragraph (less sales under
  section 407 for unrestricted use), as estimated by the Secretary on January
  1 of such calendar year, will contain in excess of--
  `(i) 5 percent of the amount of milkfat contained in all milk produced in
  such calendar year in the United States for commercial use; or
  `(ii) 5 percent of the amount of total solids contained in all milk produced
  in such calendar year in the United States for commercial use;
then the Secretary shall establish and carry out an effective inventory
management program during such calendar year to effect a reduction of milk
production such that estimated purchases of milkfat or total solids, as the
case may be, under this paragraph will not exceed the applicable percentage
specified in clause (i) or (ii). In carrying out such program, the Secretary
shall treat all producers equitably.
  `(D) The price of milk shall be supported through the purchase of milk
  and the products of milk.'.
SEC. 3. EFFECTIVE DATE.
  This Act and the amendments made by this Act shall take effect on January
  1, 1991.