Political Quotes

On the recordJune 19, 2012
I ask unanimous consent that reading of the amendment be dispensed with. The PRESIDING OFFICER. Without objection, it is so ordered. The amendment is as follows: (Purpose: To provide payment limitations for marketing loan gains and loan deficiency payments) On page 140, strike line 1 and insert the following: (b) Limitation on Marketing Loan Gains and Loan Deficiency Payments for Peanuts and Other Covered Commodities.--Section 1001 of the Food Security Act of 1985 (7 U.S.C. 1308) is amended by striking subsection (d) and inserting the following: ``(d) Limitation on Marketing Loan Gains and Loan Deficiency Payments for Peanuts and Other Covered Commodities.--The total amount of marketing loan gains and loan deficiency payments received, directly or indirectly, by a person or legal entity (except a joint venture or general partnership) for any crop year under subtitle B of the Agriculture Reform, Food, and Jobs Act of 2012 (or a successor provision) for-- ``(1) peanuts may not exceed $75,000; and ``(2) 1 or more other covered commodities may not exceed $75,000.''. (c) Conforming Amendments.-- On page 143, line 9, strike ``(c)'' and insert ``(d)''.
Said by
Chuck Grassley
Republican · Iowa
Source
govinfo.gov
Jun 19, 2012

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