A bill to restore competitiveness to the sugar industry by reforming the Federal Sugar Program and thereby ensuring that consumers have an uninterrupted supply of sugar at reasonable prices, and for other purposes.
Sugar Competitiveness Act of 1995 - Amends the Agricultural Act of 1949 to replace current sugar price support provisions with recourse loans to sugarcane and sugar beet producers. Reduces sugarcane loan rates from 18 cents per pound to 12 cents per pound over three years.
Prohibits sugar price supports. Provides for the conversion of any current nonrecourse loans that are extended into recourse loans.
Extends and increases sugar marketing assessment provisions. Includes imported sugar within such provisions' scope.
Provides for the regulation of imported raw sugarcane at prices not greater than the world sugar price or the raw sugarcane loan rate.
Amends the Agricultural Adjustment Act of 1938 to terminate sugar marketing quota and allotment provisions.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S14899-14900)
Read twice and referred to the Committee on Agriculture.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line