A bill to amend the Agricultural Act of 1949 to require that milk assessments be increased during fiscal year 1986 to meet any deficit reduction requirements for milk price support levels.

Summary

Amends the Agricultural Act of 1949 to provide that, notwithstanding the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act) and the sequestration order issued by the President under such Act on February 1, 1986, FY 1986 dairy expenditure reductions shall be implemented through more reduction in the price received by milk producers (assessments) rather than through a reduction in Commodity Credit Corporation payments for dairy product purchases. States that such reductions shall be no greater than needed (but not to exceed 12 cents per hundredweight) to achieve the reduction in milk support expenditures required by such order.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 20 February 1986

  Open at official source

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