Such a sale is exempt from the quantity and term limits on noncompetitive sales
What the document says“such sale shall be exempt from the quantity and term limitations imposed on noncompetitive sales under subpart 3602 of such title”
Subparagraph (B) of the same new paragraph, and it runs to the same sales. Those sales are exempt from the quantity and term limitations that subpart 3602 of title 43, Code of Federal Regulations places on noncompetitive sales, again as that subpart stood on the date this Act was enacted. This Act does not state what those limitations are.
What the document actually says“such sale shall be exempt from the quantity and term limitations imposed on noncompetitive sales under subpart 3602 of such title”
Some limits cap how much can be sold with no bidding. They cap how long the sale can run. This sale is free of both.
Those limits sit in one part of the same book of rules. The law fixes them as they stood the day it passed. This law does not say what they are.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.