S. 1548

One Hundred Third Congress

of the

United States of America

AT THE FIRST SESSION

Begun and held at the City of Washington on Tuesday,

the fifth day of January, one thousand nine hundred and ninety-three

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.

Be it enacted by the Senate and House of Representatives of

the United States of America in Congress assembled,

SECTION 1. SUPPORT PRICE FOR WOOL AND MOHAIR.

Section 703 of the National Wool Act of 1954 (7 U.S.C. 1782)

is amended—

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

new subsection:

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

shall, through the Commodity Credit Corporation, make loans and

payments to producers of wool and mohair through December 31,

1995.’’;

(2) in subsection (b)—

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

‘‘1995’’; and

(B) by striking paragraph (3) and inserting the following new paragraph:

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

1996 and subsequent marketing years, except that loans and payments for the 1995 marketing year shall be paid in 1996.’’; and

(3) by adding at the end the following new paragraph:

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

to wool and mohair producers recourse loans under terms and

conditions that are prescribed by the Secretary, except that the

loans shall be administered at no net cost to the Federal Government.

‘‘(B) A producer who fails to repay a loan made under subparagraph (A) by the end of the following marketing year shall be

ineligible for a loan under this Act for that marketing year and

subsequent marketing years.’’.

SEC. 2. REDUCTION IN PAYMENTS.

Section 704(a) of the National Wool Act of 1954 (7 U.S.C.

1783(a)) is amended by inserting after the first sentence the following new sentence: ‘‘In the case of each of the 1994 and 1995

marketing years, the payments shall be 75 and 50 percent, respectively, of the amount otherwise determined under the preceding

sentence.’’.
S. 1548—2

SEC. 3. ELIMINATION OF WOOL AND MOHAIR PROGRAMS.

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

Wool Act of 1954 (7 U.S.C. 1781 et seq.) is repealed.

(b) APPLICATION.—The repeal made by subsection (a) shall apply

to both the wool and mohair programs. (c) PROHIBITION.—Effective beginning December 31, 1995, the

Secretary of Agriculture may not provide loans or payments for

wool or mohair by using the funds of the Commodity Credit Corporation or under the authority of any law.

SEC. 4. REMOVAL OF PRICE SUPPORT REFERENCES.

(a) Section 702 of the National Wool Act of 1954 (7 U.S.C.

1781) is repealed.

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

(1) by striking the section heading and inserting the following new section heading:

‘‘SUPPORT PRICE FOR WOOL AND MOHAIR’’;

(2) in subsection (b)(1)(i), by striking ‘‘such price support’’

and inserting ‘‘the support price’’; and

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

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

(1) by striking the section heading and inserting the following new section heading:

‘‘SEC. 704. PAYMENTS.’’;

and

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

as a means of price support, the’’ and inserting ‘‘The’’.

(d) The first sentence of section 706 of such Act (7 U.S.C.

1785) is amended by striking ‘‘price support operations’’ and inserting ‘‘operations under this Act’’.

SEC. 5. LIABILITY OF PRODUCERS.

A provision of this Act may not affect the liability of any

person under any provision of law as in effect before the effective

date of the provision.

Speaker of the House of Representatives.

Vice President of the United States and

President of the Senate.