A bill to authorize an intermediate term Commodity Credit Corporation credit program for the purpose of financing the sale and export of agricultural commodities produced in the United States.
Intermediate Term Agricultural Export Credit Act - Authorizes the Secretary of Agriculture, through the Commodity Credit Corporation, to provide intermediate export loans on terms of from five to ten years in order to develop and expand foreign markets for United State agricultural commodities, including breeding livestock. Prohibits any sale involving such intermediate credit unless the Secretary determines that such sale will develop, expand, or maintain a particular country as a long-term foreign market for United States agricultural commodities.
Referred to House Committee on International Relations.
Introduced in Senate
Referred to Senate Committee on Agriculture, Nutrition and Forestry.
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