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[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 734 Introduced in House (IH)]

106th CONGRESS
  1st Session
                                H. R. 734

    To prohibit the Secretary of Agriculture from discounting loan 
 deficiency payments under the Agricultural Market Transition Act for 
    club wheat and to compensate club wheat producers who received 
   discounted loan deficiency payments as a result of the erroneous 
     decision of the Department of Agriculture to assess a premium 
                     adjustment against club wheat.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                           February 11, 1999

Mr. Nethercutt introduced the following bill; which was referred to the 
                        Committee on Agriculture

_______________________________________________________________________

                                 A BILL

 
    To prohibit the Secretary of Agriculture from discounting loan 
 deficiency payments under the Agricultural Market Transition Act for 
    club wheat and to compensate club wheat producers who received 
   discounted loan deficiency payments as a result of the erroneous 
     decision of the Department of Agriculture to assess a premium 
                     adjustment against club wheat.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EQUALIZATION OF LOAN DEFICIENCY PAYMENTS FOR CLUB WHEAT 
              PRODUCERS.

    (a) Premium Adjustment Prohibited.--In making loan deficiency 
payments available under section 135 of the Agricultural Market 
Transition Act (7 U.S.C. 7235) to producers of club wheat, the 
Secretary of Agriculture may not assess a premium adjustment on the 
amount that would otherwise be computed for club wheat under the 
section to reflect the premium that is paid for club wheat to ensure 
its availability to create a blended specialty product known as western 
white wheat.
    (b) Retroactive Application.--
            (1) Compensation required.--As soon as practicable after 
        the date of the enactment of this Act, the Secretary of 
        Agriculture shall make a payment to each producer of club wheat 
        that received a discounted loan deficiency payment under 
        section 135 of the Agricultural Market Transition Act (7 U.S.C. 
        7235) before that date as a result of the assessment of a 
        premium adjustment against club wheat. The amount of the 
        payment for a producer shall be equal to the difference 
        between--
                    (A) the loan deficiency payment that would have 
                been made to the producer in the absence of the premium 
                adjustment; and
                    (B) the loan deficiency payment actually received 
                by the producer.
            (2) Funding source.--The Secretary shall use funds 
        available to provide marketing assistance loans and loan 
        deficiency payments under subtitle C of the Agricultural Market 
        Transition Act (7 U.S.C. 7231 et seq.) to make the payments 
        required by this subsection.
                                 <all>
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