Prescribes a formula, under the Export Administration Act, for the control of wheat, soybean, and corn exports from the United States. Directs the Secretary of Agriculture, in consultation with the Secretary of Commerce, to determine for each crop year the amount of wheat, soybeans, and corn needed to meet the requirements of consumers in the United States. States that the Secretary of Agriculture shall then determine the quantity of each crop available for export. Prescribes the procedures for making such determinations.
Requires the issuance of an export license to a person exporting wheat, soybeans, or corn for the quantity of such commodity to be exported. (Amends 50 U.S.C. App. 2401 et seq.)
Introduced in House
Introduced in House
Referred to House Committee on Banking and Currency.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line