Stop Paying U.S. in Peanuts Act

Bill: 115-s-77
Sponsor: full_name: Sen. Flake, Jeff [R-AZ]
Introduced: 2017-01-10
Policy area: Agriculture and Food
Subjects: Agricultural marketing and promotion

Agricultural prices, subsidies, credit
Latest action: action_date: 2017-01-10
text: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Summaries:
action_date: 2017-01-10
action_desc: Introduced in Senate
text: <p><b>Stop Paying U.S. in Peanuts Act </b></p> <p>This bill amends the Agricultural Act of 2014 to repeal the rules for peanuts under the nonrecourse marketing assistance loan program administered by the Department of Agriculture (USDA). (Under a nonrecourse marketing assistance loan, a farmer pledges a commodity as collateral and may deliver the pledged collateral to USDA to repay the loan.) </p>

tv_txt: II 115th CONGRESS 1st Session S. 77 IN THE SENATE OF THE UNITED STATES January 10, 2017 Mr. Flake introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry A BILL To amend the Agricultural Act of 2014 to repeal the forfeiture rule for peanuts under the nonrecourse marketing assistance loan program.

1. Short title This Act may be cited as the Stop Paying U.S. in Peanuts Act . 2. Repeal of special rule for peanuts Section 1201 of the Agricultural Act of 2014 ( 7 U.S.C. 9031 ) is amended by striking subsection (e).