103D CONGRESS

1ST SESSION S. 1548

AN ACT

To amend the National Wool Act of 1954 to reduce

for other purposes.the 1996 and subsequent marketing years, andto eliminate the wool and mohair programs forceive for the 1994 and 1995 marketing years andthe subsidies that wool and mohair producers re-
103D CONGRESS

1ST SESSION S. 1548

AN ACT

To amend the National Wool Act of 1954 to reduce the

subsidies that wool and mohair producers receive for

the 1994 and 1995 marketing years and to eliminate

the wool and mohair programs for the 1996 and subsequent marketing years, and for other purposes.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,
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1 SECTION 1. SUPPORT PRICE FOR WOOL AND MOHAIR.

2 Section 703 of the National Wool Act of 1954 (7

3 U.S.C. 1782) is amended—

4 (1) by striking subsection (a) and inserting the

5 following new subsection:

6 ‘‘(a) Subject to subsection (b)(3), the Secretary of

7 Agriculture shall, through the Commodity Credit Corpora8 tion, make loans and payments to producers of wool and

9 mohair through December 31, 1995.’’;

10 (2) in subsection (b)—

11 (A) in paragraph (2), by striking ‘‘1997’’

12 and inserting ‘‘1995’’; and

13 (B) by striking paragraph (3) and insert14 ing the following new paragraph:

15 ‘‘(3) No loans, purchases, or payments shall be made

16 for the 1996 and subsequent marketing years, except that

17 loans and payments for the 1995 marketing year shall be

18 paid in 1996.’’; and

19 (3) by adding at the end the following new

20 paragraph:

21 ‘‘(4)(A) Through December 31, 1995, the Secretary

22 shall offer to wool and mohair producers recourse loans

23 under terms and conditions that are prescribed by the Sec24 retary, except that the loans shall be administered at no

25 net cost to the Federal Government.
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1 ‘‘(B) A producer who fails to repay a loan made

2 under subparagraph (A) by the end of the following mar3 keting year shall be ineligible for a loan under this Act

4 for that marketing year and subsequent marketing

5 years.’’.

6 SEC. 2. REDUCTION IN PAYMENTS.

7 Section 704(a) of the National Wool Act of 1954 (7

8 U.S.C. 1783(a)) is amended by inserting after the first

9 sentence the following new sentence: ‘‘In the case of each

10 of the 1994 and 1995 marketing years, the payments shall

11 be 75 and 50 percent, respectively, of the amount other12 wise determined under the preceding sentence.’’.

13 SEC. 3. ELIMINATION OF WOOL AND MOHAIR PROGRAMS.

14 (a) IN GENERAL.—Effective December 31, 1995, the

15 National Wool Act of 1954 (7 U.S.C. 1781 et seq.) is re16 pealed.

17 (b) APPLICATION.—The repeal made by subsection

18 (a) shall apply to both the wool and mohair programs.

19 (c) PROHIBITION.—Effective beginning December

20 31, 1995, the Secretary of Agriculture may not provide

21 loans or payments for wool or mohair by using the funds

22 of the Commodity Credit Corporation or under the author23 ity of any law.
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1 SEC. 4. REMOVAL OF PRICE SUPPORT REFERENCES.

2 (a) Section 702 of the National Wool Act of 1954

3 (7 U.S.C. 1781) is repealed.

4 (b) Section 703 of such Act (7 U.S.C. 1782) is

5 amended—

6 (1) by striking the section heading and insert7 ing the following new section heading:

8 ‘‘SUPPORT PRICE FOR WOOL AND MOHAIR’’;

9 (2) in subsection (b)(1)(i), by striking ‘‘such

10 price support’’ and inserting ‘‘the support price’’;

11 and

12 (3) in subsection (d), by striking ‘‘price sup13 port’’ and inserting ‘‘support under this section’’.

14 (c) Section 704 of such Act (7 U.S.C. 1783) is

15 amended—

16 (1) by striking the section heading and insert17 ing the following new section heading:

18 ‘‘SEC. 704. PAYMENTS.’’;

19 and

20 (2) in subsection (a), by striking ‘‘If payments

21 are utilized as a means of price support, the’’ and

22 inserting ‘‘The’’.

23 (d) The first sentence of section 706 of such Act (7

24 U.S.C. 1785) is amended by striking ‘‘price support oper25 ations’’ and inserting ‘‘operations under this Act’’.
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1 SEC. 5. LIABILITY OF PRODUCERS.

2 A provision of this Act may not affect the liability

3 of any person under any provision of law as in effect be4 fore the effective date of the provision.

Passed the Senate October 15 (legislative day, October 13), 1993.

Attest:

Secretary.