S 459
112th CONGRESS
1st Session
S. 459
To amend the Food, Conservation, and Energy Act of 2008 to
preserve certain rates for the milk income loss contract program.
IN THE SENATE OF THE UNITED STATES
March 2, 2011
Mrs. GILLIBRAND introduced the following bill; which was read twice
and referred to the Committee on Agriculture, Nutrition, and Forestry
A BILL
To amend the Food, Conservation, and Energy Act of 2008 to
preserve certain rates for the milk income loss contract program.
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 `MILC Preservation Act of 2011'.
SEC. 2. MILK INCOME LOSS CONTRACT PROGRAM.
(a) Payment Rate- Section 1506(c)(3) of the Food, Conservation, and
Energy Act of 2008 (7 U.S.C. 8773(c)(3)) is amended--
(1) in subparagraph (A), by inserting `and' at the end; and
(2) in subparagraph (B), by striking `ending August 31, 2012' and
all that follows through the end of subparagraph (C) and inserting
`thereafter, 45 percent.'
(b) Payment Rate Adjustment for Feed Prices- Section 1506(d) of the
Food, Conservation, and Energy Act of 2008 (7 U.S.C. 8773(d)) is amended--
(1) in paragraph (1), by striking the paragraph heading and all that
follows through `August 31, 2012,' and inserting the following:
`(1) IN GENERAL- For any month beginning on or after January 1, 2008,';
(2) by striking paragraph (2); and
(3) by redesignating paragraph (3) as paragraph (2).
(c) Budgetary Effects- The budgetary effects of this Act, for the purpose
of complying with the Statutory Pay-As-You-Go Act of 2010, shall be
determined by reference to the latest statement titled `Budgetary Effects
of PAYGO Legislation' for this Act, submitted for printing in the Congressional
Record by the Chairman of the Senate Budget Committee, provided that
such statement has been submitted prior to the vote on passage.
END
