Amends the Food and Agriculture Act of 1977 to require the Secretary of Agriculture to set the loan level for a suspended agricultural export at not less than the average market price (for such commodity) for the preceding 15 days when such suspension is national security or foreign policy related (currently 90 percent of parity in situations of short supplies).
Directs the Secretary to establish a short-term agricultural export credit program for a commodity (within five days) after any such suspension.
Introduced in Senate
Read second time and referred to Senate Committee on Agriculture.
Committee on Agriculture requested executive comment from Agriculture Department.
Referred to Subcommittee on Agricultural Production.
Referred to Subcommittee on Foreign Agricultural Policy.
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