A bill to implement the International Sugar Agreement between the United States and Foreign countries; to protect the welfare of consumers of sugar and of those engaged in the domestic sugar-producing industry; to promote the export trade of the United States; and for other purposes.
Sugar Stabilization Act - Sets forth the policy of the Congress with respect to foreign trade in sugar.
Title I: International Sugar Agreement - Authorizes the President to prohibit the importation of sugar from any country not a member of the International Sugar Organization, and to otherwise regulate foreign trade in sugar to implement the International Sugar Agreement. Establishes civil penalties for the violation of such regulations. Requires the President to submit to Congress an annual report on the Agreement.
Title II: Domestic Sugar Program - Directs the Secretary of Agriculture to make an annual estimate of the sugar consumption needs of the United States.
Establishes a formula for determining the price objectives of domestic sugar. Authorizes the Secretary to establish a quota for the importation of sugar, and to adjust such quota. Authorizes the Secretary to impose an import fee in order to attain the price objective for sugar. Prohibits the established quota from being filled by direct-consumption sugar, except in specified circumstances. Permits the Secretary to suspend such quota and fees under specified circumstances.
Authorizes the Secretary to impose a quota on the importation of "sugar-containing products.
Prohibits the importation of sugar, liquid sugar, or "sugar-containing products" after the import quotas have been filled. Prohibits the importation of certain sugar or liquid sugar into the Virgin Islands in excess of 100 pounds annually. Prohibits the exportation of certain sugar from the United States. Regulates the exportation of sugar. Sets forth items to which the sugar quota shall not apply.
Title III: General Provisions - Authorizes the Secretary to issue regulations to carry out this Act. Establishes penalties for the violation of such regulations. Requires certain information to be furnished to the Secretary by persons engaged in the manufacture, marketing, transport, or industrial use, of sugar. Prohibits officials engaged in the administration of this Act to invest in sugar. Establishes penalties for the violation of such prohibition.
Authorizes the President to suspend the operation of Title II of this Act in a national emergency.
Authorizes the Secretary of Agriculture (1) to conduct surveys and investigations to carry out this Act, and (2) to announce a "daily spot price" for raw sugar in specified circumstances.
Terminates the authority of the Secretary under this Act on December 31, 1982.
Referred to House Committee on Ways and Means.
Introduced in Senate
Referred to Senate Committee on Finance.
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