S. 704 — A bill to amend the Commodity Credit Corporation Charter Act to establish a revolving fund to finance short-term export credit sales of agricultural commodities produced in the United States.

Summary

Amends the Commodity Credit Corporation Charter Act to establish the Agricultural Export Credit Revolving Fund in the Treasury to assist in exporting agricultural products (including the construction or acquisition of overseas facilities). Terminates such fund effective October 1, 1984. Authorizes specified appropriations for fiscal years 1982 through 1984.

Requires the Secretary of Agriculture to report annually to Congress respecting the Corporation's export credit sales program.

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Legislative Actions

1981-03-12
Introduced in Senate
1981-03-12
Read second time and referred to Senate Committee on Agriculture.
1981-03-16
Committee on Agriculture requested executive comment from Agriculture Department.
1981-03-16
Committee on Agriculture requested executive comment from Agriculture Department.
1981-03-16
Referred to Subcommittee on Agricultural Production.
1981-03-16
Referred to Subcommittee on Agricultural Production.
1981-03-16
Referred to Subcommittee on Foreign Agricultural Policy.
1981-07-20
Committee on Agriculture received executive comment from Agriculture Department. Unfavorable.

A bill to amend the Commodity Credit Corporation Charter Act to establish a revolving fund to finance short-term export credit sales of agricultural commodities produced in the United States.

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