A bill to amend the Sugar Act of 1948 to retain an overall external quota system while abandoning quotas for specific foreign countries, to eliminate the internal quota system, and for other purposes.

Allows, under the Sugar Act of 1948, the Secretary of Agriculture to amend his annual determination of the amount of sugar needed to meet consumer requirements and attain price objectives set forth in the Act.

Repeals the provisions of the Sugar Act of 1948 relating to: (1) establishment or revision of quotas; (2) revision of proration upon productive deficiency of quota area; (3) allotments of quotas or prorations; and (4) amount of quota to be filled by direct consumption sugar.

Limits the payments which a sugar producer shall be entitled to receive under the Act to $10,000 for any crop year.