Gasohol feedstock or food security reserves; establishment
Whenever the President or other member of the executive branch of Government causes the export of any agricultural commodity to any country or area of the world to be suspended or restricted for reasons of national security or foreign policy under the Export Administration Act of 1979 or any other provision of law and the Secretary of Agriculture determines that such suspension or restriction will result in a surplus supply of such commodity that will adversely affect prices producers receive for the commodity, the Secretary may establish a gasohol feedstock reserve or a food security reserve, or both, of the commodity, as provided in subsections (c) and (d) of this section, if the commodity is suitable for stockpiling in a reserve.
Announcement of intention to establish reserves; contents
Within thirty days after the export of any agricultural commodity to a country or area is suspended or restricted as described in subsection (a) of this section, the Secretary of Agriculture shall announce whether a gasohol feedstock reserve or a food security reserve of the commodity, or both, will be established under this section and shall include in such announcement the amount of the commodity that will be placed in such reserves, which shall be that portion of the estimated exports of the commodity affected by the suspension or restriction, as determined by the Secretary, that should be removed from the market to prevent the accumulation of a surplus supply of the commodity that will adversely affect prices producers receive for the commodity.
Acquisition of suitable agricultural commodities; payment of transportation and storage costs; disposition of acquired commodities
Acquisition of agricultural commodities suitable for providing emergency food assistance
Applicability of certain provisions .—
Use of Commodity Credit Corporation funds, facilities, and authorities
The funds, facilities, and authorities of the Commodity Credit Corporation shall be used by the Secretary of Agriculture in carrying out this section, except that any restriction applicable to the acquisition, storage, or disposition of Commodity Credit Corporation owned or controlled commodities shall not apply with respect to the acquisition, storage, or disposition of agricultural commodities under this section.
Safeguards for protection of free market
The Secretary of Agriculture shall establish safeguards to ensure that stocks of agricultural commodities held in the reserves established under this section shall not be used in any manner or under any circumstance to unduly depress, manipulate, or curtail the free market.
Replenishment of reserves with replacement stocks prohibited
Whenever stocks of agricultural commodities are disposed of or released from reserves established under this section, as provided in subsections (c)(2) and (d)(2) of this section, the reserves may not be replenished with replacement stocks.
Effective date
The provisions of this section shall become effective with respect to any suspension of, or restriction on, the export of agricultural commodities, as described in subsection (a) of this section, implemented after .
Pub. L. 96–494, title II, § 20894 Stat. 2573Pub. L. 97–98, title X, § 100495 Stat. 1260Pub. L. 104–127, title II, § 225(b)110 Stat. 962Pub. L. 105–385, title II, § 212(b)(4)112 Stat. 3467(, , ; , , ; , , ; , , .)
Editorial Notes
References in Text
Pub. L. 96–7293 Stat. 503Pub. L. 115–232, div. A, title XVII, § 1766(a)132 Stat. 223250 U.S.C. 4611The Export Administration Act of 1979, referred to in subsec. (a), is , , , which was classified principally to chapter 56 (§ 4601 et seq.) of Title 50, War and National Defense, prior to repeal by , , , except for sections 11A, 11B, and 11C thereof (, 4612, 4613).
Section 1445e of this titlePub. L. 101–624, title XI, § 1123104 Stat. 3503, referred to in subsec. (c)(2), was amended generally by , , , and, as so amended, subsec. (b) of section 1445e does not contain a clause (5).
Amendments
Pub. L. 105–385section 1736f–1 of this title1998—Subsec. (d)(2). made technical amendment to reference in original act which appears in text as reference to .
Pub. L. 104–127section 1736f–1 of this titlesection 1736f–1 of this titlesection 1736f–1 of this title1996—Subsec. (d)(2). added par. (2) and struck out former par. (2) which read as follows: “The provisions of subsections (c), (d), (e), (f), and (g)(2) of shall apply to commodities in any reserve established under paragraph (1) of this subsection, and (except for the last sentence of subsection (c) of ) the references to ‘wheat’ in such subsections of shall be deemed to be references to ‘agricultural commodities’.”
Pub. L. 97–98, § 1004(1)1981—Subsec. (c)(2)(A). , substituted “third sentence” for “second sentence”.
Pub. L. 97–98, § 1004(2)Subsec. (c)(2)(B)(i). , substituted “110 per centum” for “105 per centum”, “Secretary may encourage repayment” for “Secretary may call for repayment”, and “clause (5) of the third sentence” for “clause (6) of the second sentence”.
Statutory Notes and Related Subsidiaries
Effective Date of 1981 Amendment
Pub. L. 97–98section 1801 of Pub. L. 97–98section 4301 of this titleAmendment by effective , see , set out as an Effective Date note under .
Effective Date
Pub. L. 96–494, title II, § 21394 Stat. 2578
Short Title
Pub. L. 96–494, § 194 Stat. 2570
Pub. L. 96–494, title II, § 20194 Stat. 2570