§ 1856. Transfer of bartered materials to supplemental stockpile; limitation of acquisition to certain programs; authorization of appropriations

Statutory text

Strategic and other materials acquired by the Commodity Credit Corporation as a result of barter or exchange of agricultural commodities or products, unless acquired for the national stockpile established pursuant to the Strategic and Critical Materials Stock Piling Act [50 U.S.C. 98 et seq.], or for other purposes shall be transferred to the supplemental stockpile established by section 1704(b) 1 of this title; but no strategic or critical material shall be acquired by the Commodity Credit Corporation as a result of such barter or exchange except for such national stockpile, for such supplemental stockpile, for foreign economic or military aid or assistance programs, or for offshore construction programs, or to meet requirements of Government agencies.

Repealed. Pub. L. 87–456, title III, § 303(c), May 24, 1962, 76 Stat. 78.

In order to reimburse the Commodity Credit Corporation for materials transferred to the supplemental stockpile there are hereby authorized to be appropriated amounts equal to the value of any materials so transferred. The value of any such material for the purpose of this subsection, shall be the lower of the domestic market price or the Commodity Credit Corporation’s investment therein as of the date of such transfer as determined by the Secretary of Agriculture.

Footnotes

1 See References in Text note below.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1956
May 28, 1956, ch. 327, title II, § 206, 70 Stat. 200 · 70 Stat. 200
Enacted · 7 U.S.C. § 1856
May 28, 1956, ch. 327, title II, § 206, 70 Stat. 200
Source evidence
Code source credit
May 28, 1956, ch. 327, title II, § 206, 70 Stat. 200
1958
Pub. L. 85–931 § 7 · 72 Stat. 1790
Changed · 7 U.S.C. § 1856(a)
Pub. L. 85–931 limited acquisition of strategic and critical materials for national stockpile, supplemental stockpile, foreign economic or military aid or assistance programs and offshore construction programs
Source evidence
Code amendment note
Subsec. (a). Pub. L. 85–931 limited acquisition of strategic and critical materials for national stockpile, supplemental stockpile, foreign economic or military aid or assistance programs and offshore construction programs.
Enacted provision · exact public law section
Sec. 7. Section 206 (a) of the Agricultural Act of 1956 is amended Restriction. 70 Stat. 200. 7 USC 1856. by inserting before the period at the end thereof a semicolon and the following: “but no strategic or critical material shall be acquired by the Commodity Credit Corporation as a result of such barter or exchange except for such national stockpile, for such supplemental stockpile, for foreign economic or military aid or assistance programs, or for offshore construction programs”.
1959
Pub. L. 86–341 title II § 204 · 73 Stat. 602
Changed · 7 U.S.C. § 1856(a)
Pub. L. 86–341 authorized acquisition of strategic and critical materials for national stockpile to meet requirements of Government agencies
Source evidence
Code amendment note
Subsec. (a). Pub. L. 86–341 authorized acquisition of strategic and critical materials for national stockpile to meet requirements of Government agencies.
Enacted provision · exact public law section
Sec. 204. Section 206(a) of the Agricultural Act of 1956 is amended 70 Stat. 200. 7 USC 1856. by inserting before the period at the end thereof a comma and the following: “or to meet requirements of Government agencies”.
1962
Pub. L. 87–456 title III § 303(c) · 76 Stat. 78
Repealed · 7 U.S.C. § 1856(b)
Pub. L. 87–456 repealed subsec. (b) which permitted strategic materials acquired by Commodity Credit Corporation as a result of barter or exchange of agricultural commodities or products to be entered, or withdrawn from warehouse, free of duty
Source evidence
Code amendment note
Subsec. (b). Pub. L. 87–456 repealed subsec. (b) which permitted strategic materials acquired by Commodity Credit Corporation as a result of barter or exchange of agricultural commodities or products to be entered, or withdrawn from warehouse, free of duty.
2008
Food, Conservation, and Energy Act of 2008
Pub. L. 110–246 title III § 3001(b)(1)(A) · 122 Stat. 1651
Changed · 7 U.S.C. § 1856(a)
Pub. L. 110–246 made technical amendment to reference in original act which appears in text as reference to section 1704(b) of this title
Source evidence
Code amendment note
Subsec. (a). Pub. L. 110–246 made technical amendment to reference in original act which appears in text as reference to section 1704(b) of this title.
Enacted provision · exact public law section
(A) by striking “Agricultural Trade Development and Assistance Act of 1954” each place it appears and inserting “Food for Peace Act”; and
Effective date note
Amendment by Pub. L. 110–246 effective May 22, 2008, see section 4(b) of Pub. L. 110–246, set out as an Effective Date note under section 8701 of this title.

3 of 5 references resolved to an enrolled provision · 2 partial

Editorial Notes

References in Text

The Strategic and Critical Materials Stock Piling Act, referred to in subsec. (a), is act June 7, 1939, ch. 190, as revised generally by Pub. L. 96–41, § 2, July 30, 1979, 93 Stat. 319, which is classified generally to subchapter III (§ 98 et seq.) of chapter 5 of Title 50, War and National Defense. For complete classification of this Act to the Code, see section 98 of Title 50 and Tables.

Section 1704(b) of this title, referred to in subsec. (a), was amended generally by Pub. L. 101–624, title XV, § 1512, Nov. 28, 1990, 104 Stat. 3635, and, as so amended, no longer contains provisions relating to a supplemental stockpile.

Amendments1958–2008 · 4 rounds

2008

Subsec. (a). Pub. L. 110–246 made technical amendment to reference in original act which appears in text as reference to section 1704(b) of this title.

1962

Subsec. (b). Pub. L. 87–456 repealed subsec. (b) which permitted strategic materials acquired by Commodity Credit Corporation as a result of barter or exchange of agricultural commodities or products to be entered, or withdrawn from warehouse, free of duty.

1959

Subsec. (a). Pub. L. 86–341 authorized acquisition of strategic and critical materials for national stockpile to meet requirements of Government agencies.

1958

Subsec. (a). Pub. L. 85–931 limited acquisition of strategic and critical materials for national stockpile, supplemental stockpile, foreign economic or military aid or assistance programs and offshore construction programs.

Statutory Notes and Related Subsidiaries

Effective Date of 2008 Amendment

Amendment by Pub. L. 110–246 effective May 22, 2008, see section 4(b) of Pub. L. 110–246, set out as an Effective Date note under section 8701 of this title.

Effective Date of 1962 Amendment

Amendment by Pub. L. 87–456 effective with respect to articles entered, or withdrawn from warehouse, for consumption on or after Aug. 31, 1963, see section 501(a) of Pub. L. 87–456.

Credits

1956–2008 · 5 acts

1956May 28, 1956, ch. 327, title II, § 206, 70 Stat. 200
1958Pub. L. 85–931, § 7, Sept. 6, 1958, 72 Stat. 1791
1959Pub. L. 86–341, title II, § 204, Sept. 21, 1959, 73 Stat. 611
1962Pub. L. 87–456, title III, § 303(c), May 24, 1962, 76 Stat. 78
2008Pub. L. 110–246, title III, § 3001(b)(1)(A), (2)(I), June 18, 2008, 122 Stat. 1820.

Show as published

(May 28, 1956, ch. 327, title II, § 206, 70 Stat. 200; Pub. L. 85–931, § 7, Sept. 6, 1958, 72 Stat. 1791; Pub. L. 86–341, title II, § 204, Sept. 21, 1959, 73 Stat. 611; Pub. L. 87–456, title III, § 303(c), May 24, 1962, 76 Stat. 78; Pub. L. 110–246, title III, § 3001(b)(1)(A), (2)(I), June 18, 2008, 122 Stat. 1820.)