Sugar Equity and Reform Act of 1990

Summary

Sugar Equity and Reform Act of 1990 - Title I: Sugar Price Support Program - Amends the Agricultural Act of 1949 to direct the Secretary of Agriculture to support the price of each of the 1991 through 1995 crops of domestically grown sugarcane through six-month nonrecourse loans, with the loan rate for raw cane sugar at 95 percent of the rate announced for the preceding crop year. Requires the loan rate for sugar beets to be fair and reasonable in relation to the rate for sugarcane. Title II: Regulation of Sugar Imports - Authorizes the President to establish a tariff-rate import quota on sugar structured to maintain the market price for raw sugar at or near the market stabilization price. Sets the total quantity of sugar subject to the lowest rate of duty under the Harmonized Tariff Schedule for each fiscal year beginning with FY 1992. Provides a formula for calculating the highest rate of duty. Provides for the allocation of lowest-duty sugar import quotas among foreign countries and for the determination of market stabilization and threshold prices.

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2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 21 March 1990

  Open at official source

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