Unused sugar import quota is shifted, with a March 1 deadline for a second pass
What the document says“not later than March 1 of a quota year, the Secretary shall reallocate any additional forecasted shortfall in the fulfillment of the tariff-rate quotas for raw cane sugar established under subsection (a)(1) for that quota year.”
The section adds a new subsection (c) to section 359k of the Agricultural Adjustment Act of 1938 (7 U.S.C. 1359kk) requiring the Secretary, after the tariff-rate quotas are set for a quota year, to work out which countries do not intend to fill their allocation and to reallocate any forecast shortfall as soon as practicable, and then by March 1 to reallocate any additional forecast shortfall for raw cane sugar.
What the document actually says“not later than March 1 of a quota year, the Secretary shall reallocate any additional forecasted shortfall in the fulfillment of the tariff-rate quotas for raw cane sugar established under subsection (a)(1) for that quota year.”
By March 1 each quota year the Secretary must act again. Any further gap in the sugar quotas must be handed to other countries.
A tariff-rate quota is how much sugar a country may ship in at a low tariff. Some countries do not use their full share. That unused share is passed on.
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