Food Bank Act

Summary

Food Bank Act - Directs the Secretary of Agriculture to establish a separate reserve of inventories of corn, grain sorghum, barley, and oats, wheat, and soybeans. Declares that such reserve inventories shall include not more than the following quantities: (1) three hundred million bushels of wheat, (2) twenty-five million tons of feed grains, (of which not less than 80 percent shall be in corn) and (3) one hundred million bushels of soybeans. Provides for the maximum price the Secretary shall pay for the commodities and the net additional quantity procured under this Act. Prescribes the priorities by which the acquisition shall be made to increase the reserve of stocks or to rotate the stocks of any commodity. Specifies the circumstances under which the Secretary is also authorized to dispose of commodities in such reserve, including: (1) for use in relieving distress in any State, declared by the President to be an acute distress area because of unemployment or other economic cause, and in connection with any major disaster; (2) for use in connection with a state of civil defense emergency; (3) for use in the preservation and maintenance of foundation herds of cattle, sheep, and goats; and (4) for use by the President to meet famine or other urgent or extraordinary relief requirements in friendly foreign countries. Authorizes to be appropriated such sums as may be necessary to carry out the provisions of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 19 December 1973

   Introduced

   Referred to Senate Committee on Agriculture and Forestry.

   Source: IntroReferral

2. 19 December 1973

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 19 December 1973

  Open at official source

Sponsors

• Sen. Clark, Dick [D-IA] · D · Sponsor
• · ssaf00 · Standing

Related records

No cross-record relationships stored yet.