One repayment rate becomes the lesser of the loan rate and the world price
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 10310, Sec. 10310.
Written by .
One repayment rate becomes the lesser of the loan rate and the world price
The document says “shall”Who acts: Secretary of AgricultureHow: statuteSec. 10310 in the PDF
What the document says
“the prevailing world market price for the commodity, as determined and adjusted by the Secretary in accordance with this section.'';”
The section amends subsection (c) of section 1204 of the Agricultural Act of 2014 by striking the words at the loan rate and inserting words making the rate the lesser of the loan rate and the prevailing world market price for the commodity as determined and adjusted by the Secretary.
What the document actually says
“the prevailing world market price for the commodity, as determined and adjusted by the Secretary in accordance with this section.'';”
That sentence, in plain words
A second figure is added to a repayment rule. That figure is the world market price for the crop.
What this is about
The rate becomes the lower of two figures. One is the loan rate. The other is the world price.
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.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 10310, 139 Stat. 94 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“One repayment rate becomes the lesser of the loan rate and the world price,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 10310, Sec. 10310. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec10310-lesser-of/ (retrieved October 10, 2026).
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