,,ii #aacth ,,congress #ast ,session ,s4 #fgj ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,april #i1 #bjac ,mrs4 ,gillibrand 7for herself and ,ms4 ,collins7 introduced the following bill2 which was read twice and referred to the ,committee on ,agriculture1 ,nutrition1 and ,forestry ,a ,,bill ,to improve ,federal dairy programs4 #a4 ,short title ,this ,act may be cited as the ,dairy ,pricing ,reform ,act of #bjac4 #b4 ,definition of ,secretary ,in this ,act1 the term ,secretary means the ,secretary of ,agriculture4 #c4 ,federal milk marketing order program pre-hearing procedure for ,class ,,iii pricing 7a7 ,in general ,the ,secretary shall use the pre-hearing procedure described in this section to determine to conduct a hearing to consider alternative formulas for ,class ,,iii milk product pricing under section #h;c of the ,agricultural ,adjustment ,act 7#g ,u4,s4,c4 #fjh;c71 reenacted with amendments by the ,agricultural ,marketing ,agreement ,act of #aicg4 7b7 ,requests for proposals 7#a7 ,in general ,not later than #fj days after the date of enactment of this ,act1 the ,secretary shall issue a request for the submission by interested persons of preliminary proposals for replacement of the ,class ,,iii milk product pricing formula4 7#b7 ,preliminary proposals ,preliminary proposals submitted under paragraph 7#a7-- 7,a7 may include competitive pay price formulas2 and 7,b7 shall provide sufficient detail in concept to serve as the basis for the convening by the ,secretary of a public information session for review and discussion in accordance with section #ijj4bd of title #g1 ,code of ,federal ,regulations 7as in effect on the date of enactment of this ,act71 but need not conform with the other procedural requirements of part #ijj of title #g1 ,code of ,federal ,regulations 7as in effect on the date of enactment of this ,act74 7c7 ,pre-,hearing information session review 7#a7 ,in general ,not later than #ahj days after the date of enactment of this ,act1 the ,secretary shall convene a public information session under section #ijj4bd of title #g1 ,code of ,federal ,regulations 7as in effect on the date of enactment of this ,act74 7#b7 ,requirements ,the ,secretary shall review all preliminary proposals submitted under this section that are of sufficient conceptual detail to allow for the review described in paragraph 7#a74 7d7 ,hearing determination 7#a7 ,in general ,not later than #ij days after the conduct of the public information session under subsection 7c71 the ,secretary shall determine whether to conduct a formal hearing in accordance with part #ijj of title #g1 ,code of ,federal ,regulations 7as in effect on the date of enactment of this ,act74 7#b7 ,hearing to be conducted ,if the ,secretary determines under paragraph 7#a7 to conduct a formal hearing1 the ,secretary shall issue notice and conduct the hearing in accordance with part #ijj of title #g1 ,code of ,federal ,regulations 7as in effect on the date of enactment of this ,act74 7#c7 ,hearing not to be conducted ,if the ,secretary determines under paragraph 7#a7 not to conduct a formal hearing1 not later than #ij days after that determination1 the ,secretary shall submit to the ,committee on ,agriculture of the ,house of ,representatives and the ,committee on ,agriculture1 ,nutrition and ,forestry of the ,senate a written report that explains the basis for the decision4 7e7 ,proceeding with a hearing at any time ,consistent with the purposes of this section1 the ,secretary may dispense with the pre-hearing requirements of this section and initiate at any time a formal hearing under part #ijj of title #g1 ,code of ,federal ,regulations 7as in effect on the date of enactment of this ,act74 #d4 ,federal milk marketing orders ,not later than #ahj days after the date of enactment of this ,act1 the ,secretary shall conduct hearings-- 7#a7 to analyze the implications of transitioning from a #d-;class system for milk products to a #b-;class system2 7#b7 to explore methods to improve signals for price discovery in the short- and long-term to allow dairy producers to better use risk management tools2 and 7#c7 to assess whether a #b-;class competitive pay pricing system for milk products would be more or less transparent than the system in effect as of the day before the date of enactment of this ,act4