Mr. Chairman, I have an amendment at the desk. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Strike section 1301 and insert the following new sections: SEC. 1301. SUGAR PROGRAM. (a) Loan Rates.--Section 156 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7272) is amended by striking subsections (a) and (b) and inserting the following new subsections: ``(a) Sugarcane.--The Secretary shall make loans available to processors of domestically grown sugarcane at a rate equal to-- ``(1) 18.75 cents per pound for raw cane sugar for the 2018 crop year; and ``(2) 18.00 cents per pound for raw cane sugar for the 2019 through 2023 crop years. ``(b) Sugar Beets.--The Secretary shall make loans available to processors of domestically grown sugar beets at a rate equal to 128.5 percent of the loan rate per pound of raw cane sugar for the applicable crop year under subsection (a) for each of the 2018 through 2023 crop years.''. (b) Avoiding Forfeitures While Ensuring Adequate Supplies at Reasonable Prices.--Section 156(f) of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7272(f)) is amended-- (1) in the subsection heading, by inserting ``While Ensuring Adequate Supplies at Reasonable Prices'' after ``Forfeitures''; and (2) in paragraph (1), by inserting ``ensure adequate supplies of sugar at reasonable prices and'' after ``shall''.…
On the recordMay 17, 2018
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