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Dairy Market Enhancement Act of 2000
To amend the Agricultural Marketing Act of 1946 to enhance dairy markets through dairy product mandatory reporting, and for other purposes.
Summary
The bill establishes a mandatory dairy product information reporting program under the Agricultural Marketing Act of 1946. Dairy manufacturers would be required to report weekly to the Department of Agriculture on prices and quantities of dairy products sold, and manufacturers and storage operators would report periodically on inventory quantities of dairy products stored. The bill aims to provide timely and accurate market information to producers and market participants, improve USDA price and supply reporting services, and promote competition in the dairy product manufacturing industry. The bill also requires the Commodity Futures Trading Commission to study and report on dairy product reporting measures at the Chicago Mercantile Exchange.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Smith, Nick [R-MI-7] (R-MI)
Actions (5)
- Oct 10, 2000 Executive Comment Requested from USDA, Commodity Futures Trading Com. · house
- Oct 10, 2000 Referred to the Subcommittee on Risk Management, Research and Specialty Crops. · house
- Oct 10, 2000 Referred to the Subcommittee on Livestock and Horticulture. · house
- Oct 3, 2000 Referred to the House Committee on Agriculture. · house
- Oct 3, 2000 Introduced in House
More bills on these subjects (8)
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Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
October 3, 2000
Mr. Smith of Michigan introduced the following bill; which was referred to the Committee on Agriculture
A BILL
To amend the Agricultural Marketing Act of 1946 to enhance dairy markets through dairy product mandatory reporting, and for other purposes.
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 “Dairy Market Enhancement Act of 2000”.
SEC. 2. DAIRY PRODUCT MANDATORY REPORTING.
The Agricultural Marketing Act of 1946 (7 U.S.C. 1621 et seq.) is amended by adding at the end the following:
“Subtitle C—Dairy Product Mandatory Reporting
“SEC. 271. PURPOSE.
“The purpose of this subtitle is to establish a program of information regarding the marketing of dairy products that—
“(1) provides information that can be readily understood by producers and other market participants, including information with respect to prices, quantities sold, and inventories of dairy products;
“(2) improves the price and supply reporting services of the Department of Agriculture; and
“(3) encourages competition in the marketplace for dairy products.
“SEC. 272. DEFINITIONS.
“In this subtitle:
“(1) Dairy products.—The term ‘dairy products’ means manufactured dairy products that are used by the Secretary to establish minimum prices for Class III and Class IV milk under a Federal milk marketing order issued under section 8c of the Agricultural Adjustment Act (7 U.S.C. 608c), reenacted with amendments by the Agricultural Marketing Agreement Act of 1937.
“(2) Manufacturer.—The term ‘manufacturer’ means any person engaged in the business of buying milk in commerce for the purpose of manufacturing dairy products.
“(3) Producer.—The term ‘producer’ means any person engaged in the production of milk for commercial use.
“(4) Secretary.—The term ‘Secretary’ means the Secretary of Agriculture.
“(5) United states.—The term ‘United States’ means collectively the 50 States, the District of Columbia, the Commonwealth of Puerto Rico and the territories and possessions of the United States.
“SEC. 273. MANDATORY REPORTING FOR DAIRY PRODUCTS.
“(a) Establishment.—The Secretary shall establish a program of mandatory dairy product information reporting that will—
“(1) provide timely, accurate, and reliable market information;
“(2) facilitate more informed marketing decisions; and
“(3) promote competition in the dairy product manufacturing industry.
“(b) Requirements.—In establishing the program, the Secretary shall require—
“(1) each manufacturer to report to the Secretary, weekly, any information that the Secretary determines to be necessary to establish minimum prices for Class III and Class IV milk under a Federal milk marketing order issued under section 8c of the Agricultural Adjustment Act (7 U.S.C. 608c), reenacted with amendments by the Agricultural Marketing Agreement Act of 1937, including information concerning the price and quantity of dairy products sold by the manufacturer; and
“(2) each manufacturer and other person storing dairy products to report to the Secretary, at a periodic interval determined by the Secretary, information on the quantity of dairy products stored.
“(c) Administration.—
“(1) In general.—The Secretary shall promulgate such regulations as are necessary to ensure compliance with, and otherwise carry out, this subtitle.
“(2) Applicability of other requirements.—The requirements of chapter 5 of subtitle B shall apply to this subtitle, except to the extent the Secretary determines the application of a provision is impracticable or needs to be modified.”.
SEC. 3. STUDY OF REPORTING MEASURES FOR DAIRY PRODUCTS.
As soon as practicable after the date of enactment of this Act, the Commodity Futures Trading Commission shall conduct a study, and submit to Congress a report on, the reporting measures for dairy products at the Chicago Mercantile Exchange, including the types, quality, and applicability of the reporting measures. <all>
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