SECTION 1. PRICE SUPPORT AND MARKETING ORDERS FOR MILK.

    (a) Reduction and Elimination of Milk Price Support.--Subsection 
(b) of section 204 of the Agricultural Act of 1949 (7 U.S.C. 1446e) is 
amended by striking ``rate not less than $10.10 per hundredweight for 
milk containing 3.67 percent milkfat.'' and inserting ``rate per 
hundredweight for milk containing 3.67 percent milkfat of not less 
than--
            ``(1) during calendar year 1995, $10.10 per hundredweight;
            ``(2) during calendar year 1996, $9.60 per hundredweight;
            ``(3) during calendar year 1997, $9.10 per hundredweight;
            ``(4) during calendar year 1998, $8.60 per hundredweight; 
        and
            ``(5) during calendar year 1999, $8.10 per 
        hundredweight.''.
    (b) Conforming Amendments Regarding Price Support.--
            (1) References to support rate.--Section 204 of the 
        Agricultural Act of 1949 (7 U.S.C. 1446e) is further amended--
                    (A) in subsection (c)(2), by striking ``a 12-month 
                period'' and inserting ``a calendar year'';
                    (B) in subsection (c)(3)(B)(ii), by inserting 
                before the period the following: ``(as adjusted by the 
                Secretary to reflect the rate of price support in 
                effect for a calendar year)'';
                    (C) by striking subsection (d), except paragraph 
                (5) of such subsection;
                    (D) by redesignating such paragraph (5) as 
                subsection (d) and subparagraphs (A) and (B) as 
                paragraphs (1) and (2) of such subsection; and
                    (E) by adjusting the margins of subsection (d) (as 
                so designated) to conform to the margins of subsection 
                (c).
            (2) Period of price support program.--Such section is 
        further amended--
                    (A) in the section heading, by striking ``1996'' 
                and inserting ``1999'';
                    (B) in subsections (a), (b) (the first place it 
                appears), (g), and (k), by striking ``1996'' and 
                inserting ``1999'';
                    (C) in subsection (c)(3)(B), by striking ``the date 
                of enactment of the Omnibus Budget Reconciliation Act 
                of 1993'' and inserting ``August 10, 1993''; and
                    (D) in subsection (f), by striking ``1995'' and 
                inserting ``1998''.
            (3) Termination of parity price program.--Effective 
        December 31, 1999, section 201 of such Act (7 U.S.C. 1446) is 
        amended by striking subsection (c).
            (4) Prohibition on price support activities.--After 
        December 31, 1999, the Secretary of Agriculture may not support 
        the price of milk through the purchase of milk or the products 
        of milk.
    (c) Termination of Milk Marketing Orders.--
            (1) Termination of orders.--Section 8c of the Agricultural 
        Adjustment Act (7 U.S.C. 608c), reenacted with amendments by 
        the Agricultural Marketing Agreement Act of 1937, is amended by 
        striking paragraphs (5) and (18) relating to milk and its 
        products.
            (2) Prohibition on subsequent orders regarding milk.--
        Paragraph (2) of such section is amended--
                    (A) by striking ``Milk, fruits'' and inserting 
                ``Fruits''; and
                    (B) by inserting ``milk,'' after ``honey,'' in 
                subparagraph (B).
            (3) Conforming amendments.--(A) Section 2(3) of such Act (7 
        U.S.C. 602(3) is amended by striking ``, other than milk and 
        its products,''.
            (B) Section 8c of such Act (7 U.S.C. 608c) is amended--
                    (i) in paragraph (6), by striking ``, other than 
                milk and its products,'';
                    (ii) in paragraph (7)(B), by striking ``(except for 
                milk and cream to be sold for consumption in fluid 
                form)'';
                    (iii) in paragraph (11)(B), by striking ``Except in 
                the case of milk and its products, orders'' and 
                inserting ``Orders'';
                    (iv) in paragraph (13)(A), by striking ``, except 
                to a retailer in his capacity as a retailer of milk and 
                its products''; and
                    (v) in paragraph (17), by striking the second 
                proviso, which relates to milk orders.
            (C) Section 8d(2) of such Act (7 U.S.C. 608d(2)) is amended 
        by striking the second sentence, which relates to information 
        from milk handlers.
            (D) Section 10(b) of such Act (7 U.S.C. 610(b)) is 
        amended--
                    (i) by striking clause (i);
                    (ii) by redesignating clauses (ii) and (iii) as 
                clauses (i) and (ii), respectively; and
                    (iii) in clause (i) (as so redesignated), by 
                striking ``other commodity'' in the first sentence and 
                inserting ``commodity''.
            (E) Section 11 of such Act (7 U.S.C. 611) is amended by 
        striking ``and milk, and its products,''.
            (F) Section 715 of the Agriculture, Rural Development, Food 
        and Drug Administration, and Related Agencies Appropriations 
        Act, 1994 (Public Law 103-111; 107 Stat. 1079; 7 U.S.C. 608d 
        note), is amended by striking the third proviso, which relates 
        to information from milk handlers.
            (4) Effective date.--The amendments made by this subsection 
        shall take effect on December 31, 1995.
    (d) Adjustment of Reconciliation Assessment To Reflect 
Amendments.--Subsection (h) of section 204 of the Agricultural Act of 
1949 (7 U.S.C. 1446e) is amended--
            (1) in paragraph (1), by striking ``Beginning January 1, 
        1991'' and inserting ``During calendar years 1991 through 
        1999'';
            (2) in paragraph (2)(C), by striking ``1997'' and inserting 
        ``1999''; and
            (3) by adding at the end the following new paragraph:
            ``(4) Price reduction adjustment.--During each of the 
        calendar years 1996 through 1999, the Secretary shall reduce 
        the amount of the price reduction specified in paragraph (2)(C) 
        to reflect the reduced expenditures by the United States 
        resulting from the termination of milk marketing orders issued 
        under section 8c of the Agricultural Adjustment Act (7 U.S.C. 
        608c), reenacted with amendments by the Agricultural Marketing 
        Agreement Act of 1937, and the rate of price support for milk 
        in effect for that calendar year.''.
    (e) Liability of Producers.--The amendments made by this section 
shall not affect the liability of any person under any provision of law 
as in effect before the effective date of the amendments.
Amends the Agricultural Act of 1949 to extend (and reduce on a sliding scale) milk price supports through 1999.  Terminates the milk price support program after December 31, 1999. 
Amends the Agricultural Adjustment Act, reenacted with amendments by the Agricultural Marketing Agreement Act of 1937, to terminate milk marketing orders.
To terminate marketing orders regulating the price of milk at the end of 1995 and to provide for the gradual reduction and eventual elimination of the price support program for milk.