H.R.1864: To provide for a gradual reduction in the loan rate for peanuts, to repeal peanut quotas for the 2002 and subsequent crops, and to make nonrecourse loans available for peanut producers.

About This Bill

  • This bill was introduced in the 105th Congress
  • This bill is primarily about economics and public finance
  • Introduced June 11, 1997
  • Latest Major Action June 17, 1997

Bill Cosponsors

71 (32 Democrats, 40 Republicans)

Bill Summary

Amends the Agricultural Market Transition Act to: (1) reduce the loan rate for quota peanuts by specified amounts through crop year 2001; and (2) eliminate peanut price supports as of crop year 2002. Amends: (1) the Agricultural Adjustment Act of 1938 to eliminate peanut marketing quota provisions as of crop year 2002; and (2) the Agricultural Act of 1949 to make conforming amendments. Prohibits the Secretary of Agriculture (Secretary) from...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Agriculture.
Referred to the Subcommittee on Risk Management and Specialty Crops.
June 11, 1997

Introduced in the House by Christopher H. Shays (R-Conn.)

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