To amend the Farm Security and Rural Investment Act of 2002 to extend contracts for national dairy market loss payments through fiscal year 2007, to increase the payment quantity authorized under such contracts, and for other purposes.

Amends the Farm Security and Rural Investment Act of 2002 with respect to national dairy market loss payments to: (1) extend, by two years, program sign-up and contract periods; (2) double single dairy operation payment quantities; (3) increase payment amounts; and (4) terminate such increases as of September 30, 2007.

[Congressional Bills 109th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1260 Introduced in House (IH)]






109th CONGRESS
  1st Session
                                H. R. 1260

 To amend the Farm Security and Rural Investment Act of 2002 to extend 
 contracts for national dairy market loss payments through fiscal year 
2007, to increase the payment quantity authorized under such contracts, 
                        and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 10, 2005

   Mr. Reynolds (for himself, Mr. Sanders, Mr. McHugh, Mr. Obey, Mr. 
    Blunt, Mr. Hinchey, Mr. Walsh, Mrs. Johnson of Connecticut, Mr. 
    McNulty, Mr. Bartlett of Maryland, Mr. McGovern, Mr. English of 
 Pennsylvania, Mr. Boehlert, Mr. Towns, Mr. Etheridge, Ms. Slaughter, 
Mr. Olver, Mr. Higgins, Mr. Simmons, Mr. Skelton, Mr. Sweeney, Mr. Kuhl 
of New York, Mr. Nadler, and Mr. Holden) introduced the following bill; 
           which was referred to the Committee on Agriculture

_______________________________________________________________________

                                 A BILL


 
 To amend the Farm Security and Rural Investment Act of 2002 to extend 
 contracts for national dairy market loss payments through fiscal year 
2007, to increase the payment quantity authorized under such contracts, 
                        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. NATIONAL DAIRY MARKET LOSS PAYMENTS.

    (a) Program Extension and Changes.--Section 1502 of the Farm 
Security and Rural Investment Act of 2002 (7 U.S.C. 7982) is amended--
            (1) in subsection (c)(2)(A), by striking ``$16.94'' and 
        inserting ``$17.10'';
            (2) in subsection (d)(2)--
                    (A) by striking ``2,400,000'' and inserting 
                ``4,800,000''; and
                    (B) by striking the second sentence; and
            (3) in subsections (f) and (g)(1), by striking ``2005'' 
        both places it appears and inserting ``2007''.
    (b) Period of Effectiveness.--Notwithstanding section 257 of the 
Balanced Budget and Emergency Deficit Control Act of 1985 (2 U.S.C. 
907)--
            (1) the amendments made by paragraphs (1) and (2) of 
        subsection (a) shall be effective only during the period 
        beginning October 1, 2005, and ending September 30, 2007; and
            (2) the amendments made by paragraph (3) of such subsection 
        shall be effective only during the period beginning on the 
        first day of the first month beginning after the date of 
        enactment of this Act and ending September 30, 2007.
                                 <all>