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S. 1040 (99th): Emergency Agricultural Marketing and Sales Act of 1985

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

5/20/1985--Reported to Senate amended. (Reported to Senate from the Committee on Agriculture, Nutrition and Forestry with amendment, S. Rept. 99-66) Emergency Agricultural Marketing and Sales Act of 1985 - Directs the Secretary of Agriculture to: (1) provide U.S. exporters and users and foreign purchasers with free agricultural commodities in order to expand overseas markets for U.S. agricultural products; and (2) carry out such program through the Commodity Credit Corporation (CCC). Amends the Food for Peace Act of 1966 to: (1) authorize the CCC to guarantee the repayment of loans made to finance credit sales and to provide intermediate export credit to developing nations; (2) authorize FY 1985 through 1988 appropriations; and (3) authorize the Secretary to provide commodities acquired through price support operations to countries not qualifying for export credit or guarantees to reduce the cost of such commodities and to enable them to meet such qualifications.