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Sugar Program Reform: Stable Prices and Supply

This act aims to reform the federal sugar program, potentially affecting sugar prices and availability in stores. The changes are designed to ensure adequate sugar supplies at reasonable prices, while protecting producers and consumers from sudden fluctuations. Citizens may experience greater price stability for products containing sugar.
Key points
New, fixed support prices for raw cane sugar are set for 2021-2025, aiming to provide stability for producers.
Flexible marketing allotments for sugar are repealed, replaced by a tariff-rate quota system to ensure adequate supplies and reasonable domestic prices.
The Secretary of Agriculture can adjust sugar import quotas, considering the impact on consumers, workers, and small businesses, to prevent excessively high prices or surpluses.
Temporary transfer of sugar import quotas between countries is allowed, aiming to increase the efficiency of quota utilization.
The feedstock flexibility program for bioenergy producers is repealed, which may impact the biofuel market.
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Additional Information
Print number: 117_S_2466
Sponsor: Sen. Shaheen, Jeanne [D-NH]
Process start date: 2021-07-26