A bill to authorize the establishment and maintenance of reserve supplies of soybeans, corn, grain sorghum, barley, oats, and wheat for national security and to protect domestic consumers against an inadequate supply of such commodities; to maintain and promote foreign trade; to protect producers of such commodities against an unfair loss of income resulting from the establishment of a reserve supply; to assist in marketing such commodities; to assure the availability of commodities to promote world peace and understanding; and for other purposes.
Strategic Storable Agricultural Commodities Act - Directs the Secretary of Agriculture to establish and maintain reserve inventories of wheat, feed grains, and soybeans, to include not more than: (1) 300,000,000 bushels of wheat; (2) 25,000,000 tons of feed grains; and (3) 100,000,000 bushels of soybeans.
Permits reserves to be withdrawn for: (1) relieving distress because of unemployment or major disasters; (2) use in a state of civil defense emergency; and (3) preserving and maintaining foundation herds of livestock and providing emergency feed for livestock.
Referred to House Committee on Agriculture.
Introduced in House
Introduced in House
Referred to House Committee on Agriculture.
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