On the recordJanuary 25, 2011
Mr. President, I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 25 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Stop Unfair Giveaways and Restrictions Act of 2011'' or ``SUGAR Act of 2011''. SEC. 2. SUGAR PROGRAM. (a) In General.--Section 156 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7272) is amended-- (1) in subsection (d), by striking paragraph (1) and inserting the following: ``(1) Loans.--The Secretary shall carry out this section through the use of recourse loans.''; (2) by redesignating subsection (i) as subsection (j); (3) by inserting after subsection (h) the following: ``(i) Phased Reduction of Loan Rate.--For each of the 2012, 2013, and 2014 crops of sugar beets and sugarcane, the Secretary shall lower the loan rate for each succeeding crop in a manner that progressively and uniformly lowers the loan rate for sugar beets and sugarcane to $0 for the 2015 crop.''; and (4) in subsection (j) (as redesignated), by striking ``2012'' and inserting ``2014''. (b) Prospective Repeal.--Effective beginning with the 2015 crop of sugar beets and sugarcane, section 156 of the Federal Agriculture Improvement and Reform Act of 1996 (7 U.S.C. 7272) is repealed. SEC. 3.…





