Volume 69
Public Law 84–25
To amend section 102 (a) of the Agricultural Trade Development and Assistance Act of 1954, so as to eliminate the requirement that privately owned stocks exported thereunder be replaced from Commodity Credit Corporation stocks.
Approved April 25, 1955
Statutory text
AN ACT
To amend section 102 (a) of the Agricultural Trade Development and Assistance Act of 1954, so as to eliminate the requirement that privately owned stocks exported thereunder be replaced from Commodity Credit Corporation stocks.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That section 102 (a) of the Agricultural Trade Development and Assistance Act of 1954 is amended to read as follows:
“Sec. 102.
(a) For the purpose of carrying out agreements concluded by the President hereunder, the Commodity Credit Corporation, in accordance with regulations issued by the President pursuant to
Availability.
subsection (b) of this section, (1) shall make available for sale hereunder to domestic exporters surplus agricultural commodities heretofore or hereafter acquired by the Corporation in the administration
Funds for export, etc.
of its price-support operations, and (2) shall make funds available to finance the sale and exportation of surplus agricultural commodities, whether from private stocks or from stocks of the Commodity Credit Corporation. In supplying such commodities to exporters under this subsection the Commodity Credit Corporation shall not be subject to the sales price restrictions in section 407 of the Agricultural
Act of 1949, as amended. The commodity set-aside established for any commodity under section 101 of the Agricultural Act
of 1954 (68 Stat. 897) shall be reduced by a quantity equal to the quantity of such commodity financed hereunder which is exported from private stocks.”
Approved April 25, 1955.