AMENDMENT DESCRIPTION:
Amendment sought to achieve Uruguay Round trade agreement compliance adjustments by reducing marketing gain loans and deficiency payments to those whose price support payments would exceed $150,000 for a crop year.

AMENDMENT PURPOSE:
An amendment numbered 51 printed in the Congressional Record granting the Agriculture Department authority to make adjustments to commodity expenditures if the costs of those programs exceed allowable levels under U.S. treaty obligations.

STATUS:

10/4/2001 7:46pm:

Amendment (A028) offered by Mr. Smith (MI). (consideration: CR H6343-6344; text: CR H6343)

10/4/2001 7:52pm:

On agreeing to the Smith (MI) amendment (A028) Failed by voice vote.