The price may be adjusted further through July 31, 2032 on four grounds
What the document says“may be further adjusted, during the period beginning on the date of enactment of the Act entitled `An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14' (119th Congress) and ending on July 31, 2032, if the Secretary determines the adjustment is necessary--”
The section lets the Secretary adjust that price further, from enactment of this Act through July 31, 2032, where necessary to minimize potential loan forfeitures, to minimize the federal government's accumulation of stocks of extra long staple cotton, to ensure the crop grown in the United States can be marketed freely and competitively, and to ensure an appropriate transition between current-crop and forward-crop price quotations. Forward-crop quotations may be used before July 31 of a marketing year only where current-crop quotations are insufficient and the forward-crop quotation is the lowest available.
What the document actually says“may be further adjusted, during the period beginning on the date of enactment of the Act entitled `An Act to provide for reconciliation pursuant to title II of H. Con. Res. 14' (119th Congress) and ending on July 31, 2032, if the Secretary determines the adjustment is necessary--”
The Secretary may move the price further. That power runs from the day this law passes to July 31, 2032. It may be used only for the reasons listed below.
Four reasons are given. One is to keep growers from walking away from loans. One is to keep the government from piling up cotton. One is to keep United States cotton selling.
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