,,ii #aaeth ,,congress #ast ,session ,s4 #bjhf ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,november #g1 #bjag,mrs4 ,shaheen 7for herself1 ,mr4 ,toomey1 ,mr4 ,alexander1 ,mr4 ,casey1 ,ms4 ,collins1 ,mr4 ,coons1 ,mr4 ,corker1 ,mr4 ,durbin1 ,mrs4 ,feinstein1 ,ms4 ,hassan1 ,mr4 ,heller1 ,mr4 ,kaine1 ,mr4 ,markey1 ,mr4 ,mc,cain1 ,mrs4 ,mc,caskill1 ,mr4 ,portman1 ,mr4 ,warner1 ,ms4 ,warren1 and ,mr4 ,johnson7 introduced the following bill2 which was read twice and referred to the ,committee on ,agriculture1 ,nutrition1 and ,forestry ,a ,,bill ,to amend the ,federal ,agriculture ,improvement and ,reform ,act of #aiif to extend and modernize the sugar program1 to extend and subsequently repeal the feedstock flexibility program for bioenergy producers1 to extend and subsequently replace flexible marketing allotments for sugar1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,sugar ,policy ,modernization ,act of #bjag4 #b4 ,sugar program 7a7 ,loan rates ,section #aef of the ,federal ,agriculture ,improvement and ,reform ,act of #aiif 7#g ,u4,s4,c4 #gbgb7 is amended by striking subsections 7a7 and 7b7 and inserting the following3 7a7 ,sugarcane ,the ,secretary shall make loans available to processors of domestically grown sugarcane at a rate equal to-- 7#a7 #ah4ge cents per pound for raw cane sugar for the #bjah crop year2 7#b7 #ah4ej cents per pound for raw cane sugar for the #bjai crop year2 7#c7 #ah4be cents per pound for raw cane sugar for the #bjbj crop year2 and 7#d7 #ah4jj cents per pound for raw cane sugar for each of the #bjba through #bjbc crop years4 7b7 ,sugar beets ,the ,secretary shall make loans available to processors of domestically grown sugar beets at a rate that is equal to #abh4e percent of the loan rate per pound of raw cane sugar for the applicable crop year under subsection 7a7 for each of the #bjah through #bjbc crop years4 4 7b7 ,avoiding forfeitures while ensuring adequate supplies at reasonable prices ,section #aef7;f7 of the ,federal ,agriculture ,improvement and ,reform ,act of #aiif 7#g ,u4,s4,c4 #gbgb7;f77 is amended-- 7#a7 in the subsection heading1 by inserting ,while ,ensuring ,adequate ,supplies at ,reasonable ,prices after ,forfeitures2 and 7#b7 in paragraph 7#a71 by inserting ensure adequate supplies of sugar at reasonable prices and after shall4 7c7 ,assurance of no net cost and means for recovery of net costs ,section #aef7;f7 of the ,federal ,agriculture ,improvement and ,reform ,act of #aiif 7#g ,u4,s4,c4 #gbgb7;f77 is amended by adding at the end the following3 7#c7 ,assurance of no net cost2 recovery of net costs 7,a7 ,definition of net cost ,in this paragraph1 the term net cost means an amount by which ,federal expenditures 7including disbursement of loan proceeds7 for a fiscal year made pursuant to the program established under this section exceed receipts under that program 7including loan repayments7 for that fiscal year4 7,b7 ,recovery required ,if the ,secretary finds that1 notwithstanding paragraph 7#a71 the program established under this section has resulted in a net cost to the ,federal ,government1 the ,secretary shall recover that net cost from processors of domestically grown sugarcane and sugar beets in a manner determined by the ,secretary in regulations promulgated under subparagraph 7,d74 7,c7 ,recovery method ,the ,secretary may provide for single or multiple payments by each processor of domestically grown sugarcane or sugar beets for the recovery of the net cost described in subparagraph 7,b74 7,d7 ,regulations ,the ,secretary shall promulgate such regulations as the ,secretary determines are necessary to carry out this paragraph4 7,e7 ,application ,this paragraph shall apply beginning with fiscal year #bjai4 4 7d7 ,effective ,period ,section #aef7;i7 of the ,federal ,agriculture ,improvement and ,reform ,act of #aiif 7#g ,u4,s4,c4 #gbgb7;i77 is amended by striking #bjah and inserting #bjbc4 #c4 ,one-year extension of feedstock flexibility program for bioenergy producers and subsequent termination 7a7 ,extension ,section #ijaj7;b7 of the ,farm ,security and ,rural ,investment ,act of #bjjb 7#g ,u4,s4,c4 #haaj7;b77 is amended in paragraphs 7#a77;,a7 and 7#b77;,a7 by striking #bjah each place it appears and inserting #bjai4 7b7 ,termination ,section #ijaj of the ,farm ,security and ,rural ,investment ,act of #bjjb 7#g ,u4,s4,c4 #haaj7 is amended by adding at the end the following3 7c7 ,termination ,the ,secretary may not carry out the feedstock flexibility program described in subsection 7b7 for the #bjbj or subsequent crops4 4 #d4 ,two-year extension of marketing allotments for sugar and subsequent administration of tariff-rate quotas 7a7 ,flexible marketing allotments for sugar 7#a7 ,sugar estimates ,section #cei;b7a77#a7 of the ,agricultural ,adjustment ,act of #aich 7#g ,u4,s4,c4 #acei;bb7a77#a77 is amended in the matter preceding subparagraph 7,a7 by striking #bjah and inserting #bjbj4 7#b7 ,stocks-to-use ratio ,section #ceik7b7 of the ,agricultural ,adjustment ,act of #aich 7#g ,u4,s4,c4 #aceikk7b77 is amended by adding at the end the following3 7#c7 ,stocks-to-use ratio ,notwithstanding paragraphs 7#a7 and 7#b71 the ,secretary shall adjust tariff-rate quotas established under subsection 7a7 in such a manner as to ensure1 to the maximum extent practicable1 that-- 7,a7 the final ratio of sugar stocks to total sugar use at the end of a fiscal year is-- 7i7 #ad4e percent for fiscal year #bjai2 and 7ii7 #ae percent for fiscal year #bjbj2 and 7,b7 stocks of raw cane sugar and refined beet sugar are adequate throughout each of fiscal years #bjai and #bjbj to meet the needs of the marketplace1 including the efficient use of raw cane sugar refining capacity4 4 7#c7 ,effective period ,section #ceil7a7 of the ,agricultural ,adjustment ,act of #aich 7#g ,u4,s4,c4 #aceill7a77 is amended by striking #bjah and inserting #bjbj4 7b7 ,repeal and replacement 7#a7 ,in general ,effective on ,october #a1 #bjbj1 part ,,vii of subtitle ,b of title ,,iii of the ,agricultural ,adjustment ,act of #aich 7#g ,u4,s4,c4 #acei;aa et seq47 is amended to read as follows3 ,,vii ,sugar #cei;a4 ,administration of tariff-rate quotas 7a7 ,establishment ,notwithstanding any other provision of law1 at the beginning of fiscal year #bjba and each fiscal year thereafter through the end of the effective period described in subsection 7d71 the ,secretary shall establish tariff-rate quotas for raw cane sugar and refined beet sugar-- 7#a7 to provide adequate supplies of sugar at reasonable prices2 and 7#b7 at such levels as are necessary to comply with obligations under international trade agreements that have been approved by ,congress4 7b7 ,adjustment authority ,the ,secretary shall adjust tariff-rate quotas established under subsection 7a7 in such a manner as to ensure1 to the maximum extent practicable1 that-- 7#a7 the final ratio of sugar stocks to total sugar use at the end of each fiscal year is #ae4e percent2 and 7#b7 stocks of raw cane and refined beet sugar are adequate throughout each fiscal year to meet the needs of the marketplace1 including the efficient use of cane refining capacity4 7c7 ,transfer of quota shares 7#a7 ,in general ,the ,secretary shall promulgate regulations that-- 7,a7 promote the maximum practicable use of the tariff-rate quotas established under subsection 7a72 7,b7 ensure adequate supplies of raw cane sugar for cane refiners in the ,united ,states2 and 7,c7 provide that any country that has been allocated a share of the tariff-rate quotas established under subsection 7a7 may temporarily transfer all or part of the share to any other country that has been allocated a share of the quotas4 7#b7 ,transfers voluntary ,any transfer under paragraph 7#a77;,c7 shall be valid only-- 7,a7 pursuant to a voluntary agreement between the transferor and the transferee2 and 7,b7 consistent with procedures established by the ,secretary4 7#c7 ,limitations on transfers with respect to fiscal year 7,a7 ,in general ,any transfer under paragraph 7#a77;,c7 shall be valid only for the duration of the fiscal year during which the transfer is made4 7,b7 ,following fiscal year ,no transfer under paragraph 7#a77;,c7 shall affect the share of the quota allocated to the transferor or transferee for the next fiscal year after the fiscal year during which the transfer is made4 7d7 ,effective period ,this section shall be effective only through fiscal year #bjbc4 4 7#b7 ,continued application of prior law to certain sugar crops ,part ,,vii of subtitle ,b of title ,,iii of the ,agricultural ,adjustment ,act of #aich 7#g ,u4,s4,c4 #acei;aa et seq471 as in effect on the day before the date specified in paragraph 7#a71 shall continue to apply to the #bjai and #bjbj crop years for sugarcane and sugar beets4 #e4 ,sense of ,congress ,it is the sense of ,congress that the ,president should establish as major goals of the trade policy of the ,united ,states-- 7#a7 the elimination of all direct and indirect subsidies benefitting the production or export of sugar by any government2 and 7#b7 the enforcement1 negotiation1 and implementation of trade agreements that-- 7,a7 provide commercially meaningful sugar trade liberalization globally2 and 7,b7 enhance trade opportunities for the agricultural sector and other sectors of the economy of the ,united ,states4