Domestic Food Price Impact Statement Act - States that no agricultural commodity may be exported to any foreign country unless: (1) the person exporting has submitted a registration statement to the Secretary; and (2) the Secretary has approved such statement.
Provides that the Secretary may not approve an export registration statement for a quantity of a commodity which, when added to the quantity of such commodity already approved, exceeds 20 percent of the level of domestic production. Authorizes the Secretary to establish a limitation lower than 20 percent under specified circumstances.
States that this Act applies to agricultural commodities planted for harvest in 1974 and subsequent years.
Introduced in House
Introduced in House
Referred to House Committee on Banking and Currency.
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