No reference price may exceed 113 percent of the listed price
What the document says“In no case shall a reference price for a covered commodity exceed 113 percent of the reference price for such covered commodity listed in subparagraph (A).”
The section caps each reference price at 113 percent of the price listed for that commodity in subparagraph (A).
What the document actually says“In no case shall a reference price for a covered commodity exceed 113 percent of the reference price for such covered commodity listed in subparagraph (A).”
A price may never go above a set limit. That limit is 113 percent of the listed price.
The yearly rise stops once it hits the cap. The cap is worked out from the price in the list. It is fixed for each crop.
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.