Amends the Agricultural Act of 1970 to prohibit the President from restricting the export of an agricultural commodity sought to be exported under an export sales contract: (1) entered into before the President announces an export restriction on the commodity; and (2) reported pursuant to a specified section of the Agricultural Act of 1970. Permits the President to restrict exports of such a commodity during a declared war or national emergency.
Referred to Subcommittee on International Economic Policy and Trade.
Introduced in Senate
Read twice and referred to the Committee on Banking.
Committee on Banking requested executive comment from Commerce Department; Agriculture Department.
Subcommittee on International Finance (Banking). Hearings held.
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