I 

111TH CONGRESS 

2D SESSION H. R. 5288 

To amend the Dairy Production Stabilization Act of 1983 to establish a 

dairy price stabilization program. 

IN THE HOUSE OF REPRESENTATIVES 

MAY 12, 2010 

Mr. COSTA (for himself, Mr. WELCH, Mr. COURTNEY, Mr. LARSEN of Washington, and Mr. LARSON of Connecticut) introduced the following bill; 

which was referred to the Committee on Agriculture 

A BILL 

To amend the Dairy Production Stabilization Act of 1983 

to establish a dairy price stabilization program. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Dairy Price Stabiliza5 tion Program Act of 2010’’. 

6 SEC. 2. DAIRY PRICE STABILIZATION PROGRAM. 

7 The Dairy Production Stabilization Act of 1983 (7 

8 U.S.C. 1421 note; title I of Public Law 98–189) is amend9 ed by adding at the end the following new subtitle: 


pwalker on DSK8KYBLC1PROD with BILLS
2 

•HR 5288 IH

1 ‘‘Subtitle D—Dairy Price 

2 Stabilization Program 

3 ‘‘SEC. 141. DEFINITIONS. 

4 ‘‘In this subtitle: 

5 ‘‘(1) ALLOWABLE MILK MARKETING.—The term 

6 ‘allowable milk marketing’ means the quantity of 

7 milk production that a dairy facility may produce 

8 during a quarter without incurring a market access 

9 fee, as determined under section 143(b)(1). 

10 ‘‘(2) ALLOWABLE MILK MARKETING GROWTH

11 RATE.—The term ‘allowable milk marketing growth 

12 rate’ means the allowable milk marketing growth 

13 rate established by the Secretary for the applicable 

14 quarter under section 143(b)(1). 

15 ‘‘(3) ALTERNATIVE MARKET ACCESS FEE.—The 

16 term ‘alternative market access fee’ means a fee de17 scribed in section 143(b)(2) that is assessed on all 

18 milk produced in excess of the allowable milk mar19 ketings of a dairy facility. 

20 ‘‘(4) APPEALS COMMITTEE.—The term ‘Appeals 

21 Committee’ means the producer appeals committee 

22 established under section 142(c). 

23 ‘‘(5) DAIRY FACILITY.—The term ‘dairy facil24 ity’ means an operation on a property, or set of 

25 properties that are contiguous or separated only by 


pwalker on DSK8KYBLC1PROD with BILLS
3 

•HR 5288 IH

1 a public right-of-way, that is directly related to rais2 ing cows or producing milk from cows for the pur3 pose of making a profit or for a livelihood. 

4 ‘‘(6) MARKET ACCESS FEE DIVIDEND.—The 

5 term ‘market access fee dividend’ means the market 

6 access fees collected during an applicable quarter 

7 that are redistributed to dairy facilities with allow8 able milk marketings under section 143(e). 

9 ‘‘(7) MILK HANDLER.—The term ‘milk handler’ 

10 means a person that makes payments to a dairy fa11 cility for milk produced in the United States and 

12 purchased from the dairy facility for commercial use. 

13 ‘‘(8) ORDER.—The term ‘order’ means an order 

14 issued by the Secretary under section 142(a). 

15 ‘‘(9) PRODUCER.—The term ‘producer’ means 

16 all persons engaged in the production of bovine milk 

17 for commercial use. All producers holding a milk li18 cense shall be included. 

19 ‘‘(10) PRODUCER BOARD.—The term ‘Producer 

20 Board’ means the Producer Board established under 

21 section 142(b). 

22 ‘‘(11) PROGRAM.—The term ‘Program’ means 

23 the Dairy Price Stabilization Program established 

24 under section 142(a). 


pwalker on DSK8KYBLC1PROD with BILLS
4 

•HR 5288 IH

1 ‘‘(12) QUARTER.—The term ‘quarter’ means 

2 each of the following 4 quarters of a calendar year: 

3 ‘‘(A) January 1 through March 31. 

4 ‘‘(B) April 1 through June 30. 

5 ‘‘(C) July 1 through September 30. 

6 ‘‘(D) October 1 through December 31. 

7 ‘‘(13) REGION.—The term ‘region’ means each 

8 of the following 

9 ‘‘(A) Region 1, Northeast, consisting of the 

10 States of Connecticut, Delaware, Maine, Mary11 land, Massachusetts, New Hampshire, New Jer12 sey, New York, Pennsylvania, Rhode Island, 

13 Vermont, and West Virginia. 

14 ‘‘(B) Region 2, Southeast, consisting of the 

15 States of Alabama, Arkansas, Florida, Georgia, 

16 Kentucky, Louisiana, Mississippi, Missouri, 

17 North Carolina, South Carolina, Tennessee, and 

18 Virginia. 

19 ‘‘(C) Region 3, Midwest, consisting of the 

20 States of Illinois, Indiana, Iowa, Michigan, Min21 nesota, Nebraska, North Dakota, Ohio, South 

22 Dakota, and Wisconsin. 

23 ‘‘(D) Region 4, South, consisting of the 

24 States of Kansas, New Mexico, Oklahoma, and 

25 Texas. 


pwalker on DSK8KYBLC1PROD with BILLS
5 

•HR 5288 IH

1 ‘‘(E) Region 5, Northwest, consisting of 

2 the States of Colorado, Idaho, Montana, Or3 egon, Utah, Washington, and Wyoming. 

4 ‘‘(F) Region 6, West, consisting of the 

5 States of Arizona, California, and Nevada. 

6 ‘‘(14) SECRETARY.—The term ‘Secretary’ 

7 means the Secretary of Agriculture, acting in con8 sultation with the Appeals Committee or Producer 

9 Board (as appropriate). 

10 ‘‘(15) STANDARD MARKET ACCESS FEE.—The 

11 term ‘standard market access fee’ means a fee as12 sessed under section 143(d) on all milk produced by 

13 a dairy facility. 

14 ‘‘SEC. 142. ESTABLISHMENT. 

15 ‘‘(a) ISSUANCE OF ORDERS.— 

16 ‘‘(1) PROPOSED ORDER.—Not later than 60 

17 days after the date of the enactment of this subtitle, 

18 the Secretary shall publish in the Federal Register 

19 a proposed order to establish a program to be known 

20 as the ‘Dairy Price Stabilization Program’ that shall 

21 apply to all dairy facilities within the contiguous 

22 United States that produce milk for sale commer23 cially. 

24 ‘‘(2) REFERENDUM ON PROPOSED ORDER.— 

25 Not later than 90 days after the date of the enactVerDate Mar 15 2010 06:27 May 13, 2010 Jkt 089200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6201 E:\BILLS\H5288.IH H5288

pwalker on DSK8KYBLC1PROD with BILLS
6 

•HR 5288 IH

1 ment of this subtitle, the Secretary shall conduct a 

2 referendum among producers who, during a rep3 resentative period (as determined by the Secretary), 

4 have been engaged in the production of milk for 

5 commercial use for the purpose of ascertaining 

6 whether the proposed order shall take effect. The 

7 Program shall be implemented only if the Secretary 

8 determines that it has been approved by not less 

9 than a majority of the eligible producers voting in 

10 the referendum. If implementation of the Program is 

11 not approved by a majority of the eligible producers 

12 voting in the referendum, the Secretary may not 

13 issue a final order to establish the Program. To de14 termine the approval or disapproval of producers, 

15 the Secretary shall consider the approval or dis16 approval by any cooperative association of producers, 

17 engaged in a bona fide manner in marketing milk or 

18 the products thereof, as the approval or disapproval 

19 of the producers who are members of or under con20 tract with such cooperative association of producers. 

21 If a cooperative association of producers elects to 

22 vote on behalf of its members, such cooperative asso23 ciation shall provide each producer, on whose behalf 

24 the cooperative association is expressing approval or 

25 disapproval, a description of the question presented 


pwalker on DSK8KYBLC1PROD with BILLS
7 

•HR 5288 IH

1 in the referendum together with a statement of the 

2 manner in which the cooperative association intends 

3 to cast its vote on behalf of the membership. Such 

4 information shall inform the producer of procedures 

5 to follow to cast an individual ballot should the pro6 ducer so choose within the period of time established 

7 by the Secretary for casting ballots. Such notifica8 tion shall be made at least 30 days before the ref9 erendum and shall include an official ballot. The bal10 lots shall be tabulated by the Secretary and the vote 

11 of the cooperative association shall be adjusted to re12 flect the individual votes. 

13 ‘‘(3) FINAL ORDER.—If the Secretary deter14 mines that the proposed order has been approved by 

15 not less than a majority of the eligible producers 

16 voting in the referendum required by paragraph (2), 

17 the Secretary shall issue, not later than 30 days 

18 after such determination, a final order to establish 

19 the Program. 

20 ‘‘(4) REFERENDUM ON CONTINUATION OF PRO21 GRAM.—Not later than 3 years after the date of the 

22 enactment of this subtitle, the Secretary shall con23 duct a referendum among producers who, during a 

24 representative period (as determined by the Sec25 retary), have been engaged in the production of milk 


pwalker on DSK8KYBLC1PROD with BILLS
8 

•HR 5288 IH

1 for commercial use, for the purpose of ascertaining 

2 whether the Program then in effect shall be contin3 ued. The program shall be continued only if the Sec4 retary determines that it has been approved by not 

5 less than a majority of the eligible producers voting 

6 in the referendum. If continuation of the Program is 

7 not approved by a majority of the eligible producers 

8 voting in the referendum, the Secretary shall termi9 nate collection of fees under the Program within six 

10 months after the Secretary determines that such ac11 tion is favored by a majority of the eligible pro12 ducers voting in the referendum and shall terminate 

13 the program in an orderly manner as soon as prac14 ticable after such determination. 

15 ‘‘(b) PRODUCER BOARD.— 

16 ‘‘(1) IN GENERAL.—The order shall provide for 

17 the establishment of a board of directors to be 

18 known as the ‘Producer Board’ to advise the Sec19 retary on administration of the Program. 

20 ‘‘(2) COMPOSITION.—The Producer Board shall 

21 be composed of 30 members, of whom— 

22 ‘‘(A) 24 shall be producers, of whom— 

23 ‘‘(i) 12 producers shall be appointed 

24 based upon region, with 2 members from 


pwalker on DSK8KYBLC1PROD with BILLS
9 

•HR 5288 IH

1 each of the 6 dairy producing regions in 

2 the United States; and 

3 ‘‘(ii) 12 producers shall be appointed 

4 based upon the geographical distribution of 

5 milk production volume throughout the 

6 United States; 

7 ‘‘(B) 2 shall represent dairy consumers; 

8 ‘‘(C) 2 shall represent fluid milk bottlers; 

9 and 

10 ‘‘(D) 2 shall represent dairy product proc11 essors. 

12 ‘‘(3) APPOINTMENT.—The Secretary shall ap13 point the members of the Producer Board after con14 sidering any nominations submitted by interested 

15 parties. 

16 ‘‘(4) ADVISOR.— 

17 ‘‘(A) IN GENERAL.—The Secretary shall 

18 appoint a dairy economist to advise the Pro19 ducer Board. 

20 ‘‘(B) NONVOTING MEMBER.—The indi21 vidual appointed under subparagraph (A) shall 

22 be a nonvoting member of the Producer Board. 

23 ‘‘(c) PRODUCER APPEALS COMMITTEE.—The order 

24 shall require the Producer Board to establish a committee 

25 to be known as the ‘Producer Appeals Committee’ to adVerDate Mar 15 2010 06:27 May 13, 2010 Jkt 089200 PO 00000 Frm 00009 Fmt 6652 Sfmt 6201 E:\BILLS\H5288.IH H5288

pwalker on DSK8KYBLC1PROD with BILLS
10 

•HR 5288 IH

1 vise the Secretary on appeals of decisions made during the 

2 first year of operation of the Program. 

3 ‘‘SEC. 143. OPERATION OF THE PROGRAM. 

4 ‘‘(a) ESTABLISHMENT OF RATES, FEES, DIVIDENDS, 

5 AND INITIAL ALLOWABLE MILK MARKETINGS.— 

6 ‘‘(1) IN GENERAL.—The order shall provide for 

7 the establishment of rates and fees and the payment 

8 of dividends in accordance with this section. 

9 ‘‘(2) INITIAL ESTABLISHMENT OF ALLOWABLE

10 MILK MARKETINGS.—The initial establishment of al11 lowable milk marketings for a dairy facility under 

12 this subtitle shall based on the highest of the annual 

13 milk marketings of the dairy facility from the cal14 endar year ending— 

15 ‘‘(A) December 31, 2007; 

16 ‘‘(B) December 31, 2008; or 

17 ‘‘(C) December 31, 2009. 

18 ‘‘(b) ESTABLISHMENT OF RATES AND FEES.— 

19 ‘‘(1) ALLOWABLE MILK MARKETING GROWTH

20 RATE.— 

21 ‘‘(A) CALCULATION OF ALLOWABLE MILK

22 MARKETING.—The allowable milk marketings of 

23 a dairy facility for a quarter shall be equal to 

24 the quantity of milk commercially produced by 

25 the dairy facility during the corresponding 


pwalker on DSK8KYBLC1PROD with BILLS
11 

•HR 5288 IH

1 quarter during the previous calendar year, as 

2 adjusted to reflect the allowable milk marketing 

3 growth rate for the quarter. 

4 ‘‘(B) CALCULATION OF ALLOWABLE MILK

5 MARKETING GROWTH RATE.—At least 30 days 

6 before the first day of each quarter, the Sec7 retary, after considering any recommendations 

8 made by the Producer Board, shall establish the 

9 allowable milk marketing growth rate for the 

10 upcoming quarter based on the following table: 

‘‘Milk Feed Ratio Allowable milk 

marketing 

growth rate (in 

percent) 

Milk Feed Ratio greater than/equal to 2.00 .......... 3.00 

Milk Feed Ratio 1.75–1.99 .................................... 0.00 

Milk Feed Ratio less than/equal to 1.74 ................ ¥3.00 

11 ‘‘(C) MILK FEED RATION.—For purposes 

12 of this paragraph and paragraph (2)(A), the 

13 Secretary shall calculate a milk feed ratio for a 

14 month using the same procedures used to cal15 culate the milk feed ratio on page 64 of the 

16 USDA January 2010 Agricultural Prices publi17 cation (including the data and factors noted in 

18 footnote 4). 

19 ‘‘(D) QUARTERLY ANNOUNCEMENT OF

20 THE ALLOWABLE MILK MARKETING GROWTH

21 RATE.—For the purpose of announcing the 

22 quarterly allowable milk marketing growth rate, 


pwalker on DSK8KYBLC1PROD with BILLS
12 

•HR 5288 IH

1 the Secretary shall use the simple average of 

2 the three most recently available monthly fig3 ures for the milk feed ratio. 

4 ‘‘(2) STANDARD AND ALTERNATIVE MARKET

5 ACCESS FEES.— 

6 ‘‘(A) STANDARD MARKET ACCESS FEE.— 

7 ‘‘(i) IN GENERAL.—At least 30 days 

8 before the first day of each quarter, the 

9 Secretary shall establish the standard mar10 ket access fee to be assessed on all com11 mercial milk production of a dairy facility 

12 for that quarter. 

13 ‘‘(ii) REQUIREMENT.—The standard 

14 market access fee shall be based on the 

15 number of hundredweights of raw milk 

16 produced for commercial use, as deter17 mined by the Secretary. 

18 ‘‘(iii) CALCULATION OF STANDARD

19 MARKET ACCESS FEE.—The standard mar20 ket access fee shall be determined using 

21 the following table: 

‘‘Milk Feed Ratio Market Access 

Fee 

Milk Feed Ratio greater than/equal to 3.00 .......... $0.03 

Milk Feed Ratio 2.50–2.99 .................................... $0.13 

Milk Feed Ratio 2.00–2.49 .................................... $0.25 

Milk Feed Ratio less than/equal to 1.99 ................ $0.50 


pwalker on DSK8KYBLC1PROD with BILLS
13 

•HR 5288 IH

1 ‘‘(iv) QUARTERLY ANNOUNCEMENT OF

2 THE MARKET ACCESS FEE.—For the pur3 pose of announcing the quarterly standard 

4 market access fee, the Secretary shall use 

5 the simple average of the three most re6 cently available monthly figures for the 

7 milk feed ratio. 

8 ‘‘(B) ALTERNATIVE ACCESS FEE.—The 

9 amount of the alternative market access fee to 

10 be assessed on all commercial milk production 

11 of a dairy facility that exceeds the allowable 

12 milk marketings of the dairy facility for a quar13 ter shall be equal to the product obtained by 

14 multiplying— 

15 ‘‘(i) 5; by 

16 ‘‘(ii) the standard market access fee 

17 amount per hundredweight of milk. 

18 ‘‘(3) REVISIONS.—The Secretary may make re19 visions to the calculations of the market access fee 

20 and allowable milk marketing growth rate, but only 

21 if at least two-thirds of the members of the Producer 

22 Board support the revisions. For any revisions, the 

23 Secretary shall consider— 

24 ‘‘(A) the economic conditions of the dairy 

25 industry in the United States; 


pwalker on DSK8KYBLC1PROD with BILLS
14 

•HR 5288 IH

1 ‘‘(B) the economic conditions of the world 

2 dairy market; 

3 ‘‘(C) the commercial disappearance of fluid 

4 and manufactured milk products; 

5 ‘‘(D) the domestic on-farm cost of pro6 ducing raw milk; 

7 ‘‘(E) the domestic farm-gate milk price 

8 paid to dairy farmers in the United States; 

9 ‘‘(F) the international value of manufac10 tured dairy products; 

11 ‘‘(G) the current United States import/ex12 port balance in dairy products; 

13 ‘‘(H) any foreseen purchases by the Fed14 eral Government for nutrition programs; and 

15 ‘‘(I) any other economic indicator that the 

16 Secretary determines to be appropriate. 

17 ‘‘(c) ALLOWABLE MILK MARKETINGS.— 

18 ‘‘(1) IN GENERAL.—At least 30 days before the 

19 first day of each quarter, the Secretary shall— 

20 ‘‘(A) establish the quantity of allowable 

21 milk marketings for each dairy facility; and 

22 ‘‘(B) notify each dairy facility of the quan23 tity. 

24 ‘‘(2) APPEAL.—A dairy facility may appeal to 

25 the Secretary any discrepancy in the quantity of alVerDate Mar 15 2010 06:27 May 13, 2010 Jkt 089200 PO 00000 Frm 00014 Fmt 6652 Sfmt 6201 E:\BILLS\H5288.IH H5288

pwalker on DSK8KYBLC1PROD with BILLS
15 

•HR 5288 IH

1 lowable milk marketings established for the dairy fa2 cility. 

3 ‘‘(3) TRANSFERS OF ALLOWABLE MILK MAR4 KETINGS.—The 1 or more owners of the milk-pro5 ducing cows at a dairy facility may transfer, in full, 

6 the allowable milk marketings associated with the 

7 dairy facility to— 

8 ‘‘(A) an individual or entity that purchases 

9 the dairy facility; or 

10 ‘‘(B) another dairy facility under the same 

11 ownership. 

12 ‘‘(4) LEAP-YEAR ADJUSTMENT.— 

13 ‘‘(A) EFFECT OF LEAP YEAR.—During a 

calendar year that consists of 366 days, 1 14 ⁄90th 

15 of the allowable milk marketings for the first 

16 quarter shall be added to the allowable milk 

17 marketings of each dairy producer. 

18 ‘‘(B) SUBSEQUENT YEAR.—Following a 

year described in subparagraph (A), 1 19 ⁄91st of 

20 the allowable milk marketings shall be sub21 tracted from the allowable milk marketings of 

22 each dairy producer during the preceding year. 

23 ‘‘(d) COLLECTION OF MARKET ACCESS FEES.— 

24 ‘‘(1) IN GENERAL.—During any quarter, a 

25 dairy facility that produces and markets milk in a 


pwalker on DSK8KYBLC1PROD with BILLS
16 

•HR 5288 IH

1 quantity that is greater than the allowable milk mar2 ketings of the dairy facility for that quarter shall be 

3 assessed the standard market access fee in the fol4 lowing quarter unless, not later than 7 days after 

5 the end of the quarter, the dairy facility notifies in 

6 writing the appropriate local office of the Farm 

7 Services Agency of the intent of the dairy facility to 

8 pay the alternative market access fee in lieu of the 

9 standard market access fee. 

10 ‘‘(2) NOTICE.—Not later than 25 days after the 

11 end of a quarter during which a dairy facility ex12 ceeded the allowable milk marketings of the dairy fa13 cility, the Secretary shall send to the dairy facility 

14 and to each of the milk handlers of the dairy facility 

15 a notice that describes the market access fee to be 

16 assessed against the dairy facility during the fol17 lowing quarter. 

18 ‘‘(3) MILK HANDLERS.— 

19 ‘‘(A) IN GENERAL.—Each milk handler of 

20 a dairy facility notified under paragraph (2) 

21 shall— 

22 ‘‘(i) during the quarter in which the 

23 milk handler receives the notice, collect an 

24 assessment per hundredweight of milk 

25 from the dairy facility in the amount of the 


pwalker on DSK8KYBLC1PROD with BILLS
17 

•HR 5288 IH

1 market access fee described in the notice; 

2 and 

3 ‘‘(ii) deposit the assessment amounts 

4 into the protected account described in 

5 subsection (f). 

6 ‘‘(B) ALTERNATIVE MARKET ACCESS

7 FEE.—If a dairy facility notifies the appropriate 

8 local office of the Farm Services Agency under 

9 paragraph (1) of an intent to pay the alter10 native market access fee, the amount of the as11 sessment described in the notice under para12 graph (2) shall be— 

13 ‘‘(i) deducted from the revenues of the 

14 dairy facility in 3 equal monthly install15 ments; and 

16 ‘‘(ii) deposited into the protected ac17 count described in subsection (f). 

18 ‘‘(4) SUBSEQUENT OVERAGES.—If a dairy facil19 ity exceeds the allowable milk marketings of the 

20 dairy facility in a quarter and any of the 4 subse21 quent quarters, the dairy facility shall be assessed a 

22 market access fee in an amount that is equal to the 

23 lesser of— 


pwalker on DSK8KYBLC1PROD with BILLS
18 

•HR 5288 IH

1 ‘‘(A) the market access fee announced 

2 after the first quarter in which the dairy facility 

3 exceeded the allowable milk marketings; or 

4 ‘‘(B) the market access fee announced for 

5 the 4 quarters in which the dairy facility subse6 quently exceeds the allowable milk marketings 

7 of the dairy facility. 

8 ‘‘(5) RESPONSIBILITY.—The milk handler for 

9 the 1 or more owners of the milk-producing cows at 

10 a dairy facility that receives a notice under para11 graph (2) shall give notice to the owners that the 

12 market access fees shall be— 

13 ‘‘(A) deducted from the proceeds of the 

14 dairy facility; and 

15 ‘‘(B) submitted to the local office of the 

16 Farm Services Agency with which the owners 

17 have registered. 

18 ‘‘(e) PAYMENT OF MARKET ACCESS FEE DIVI19 DENDS.— 

20 ‘‘(1) IN GENERAL.—During any quarter, a 

21 dairy facility that produces and markets a quantity 

22 of milk that is less than or equal to the allowable 

23 milk marketings of the dairy facility for that quarter 

24 shall be entitled to receive a market access fee divi25 dend in an amount based on the ratio that— 


pwalker on DSK8KYBLC1PROD with BILLS
19 

•HR 5288 IH

1 ‘‘(A) each hundredweight of allowable milk 

2 marketings produced during that quarter at the 

3 dairy facility; bears to 

4 ‘‘(B) total hundredweights produced by all 

5 facilities that did not exceed their allowable 

6 milk marketings during that quarter. 

7 ‘‘(2) TOTAL AMOUNT.—The total amount of 

8 market access fee dividends available during a quar9 ter shall be equal to the cumulative market access 

10 fees collected under this subtitle for a quarter. 

11 ‘‘(3) DISTRIBUTION.— 

12 ‘‘(A) IN GENERAL.—The market access fee 

13 dividends for a quarter shall be distributed to 

14 each qualifying dairy facility not later than 30 

15 days after the last day of the following quarter. 

16 ‘‘(B) ELIGIBILITY.—The 1 or more owners 

17 of the milk-producing cows at a dairy facility 

18 described in paragraph (1) shall be eligible to 

19 receive any market access fee dividends paid to 

20 the dairy facility under this subsection. 

21 ‘‘(C) PAYMENT.—Payment of market ac22 cess fee dividends shall be by check or direct 

23 deposit. 

24 ‘‘(f) ADMINISTRATION.—Amounts collected by milk 

25 handlers under subsection (d) shall be deposited into a 


pwalker on DSK8KYBLC1PROD with BILLS
20 

•HR 5288 IH

1 protected account established by the Secretary from which 

2 amounts may not be withdrawn other than for distribution 

3 as market access fee dividends.’’. 

Æ 


pwalker on DSK8KYBLC1PROD with BILLS