,,ii #aahth ,,congress #ast ,session ,s4 #ajad ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,march #bh1 #bjbc,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 require the ,secretary of ,agriculture to initiate hearings to review ,federal milk marketing orders relating to pricing of ,class ,i skim milk1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,dairy ,pricing ,opportunity ,act of #bjbc4 #b4 ,notice and hearings 7a7 ,in general ,not later than #ahj days after the date of enactment of this ,act1 the ,secretary of ,agriculture shall provide notice of1 and initiate1 national hearings to review ,federal milk marketing orders under section #h;c7#c7 of the ,agricultural ,adjustment ,act 7#g ,u4,s4,c4 #fjh;c7#c771 reenacted with amendments by the ,agricultural ,marketing ,agreement ,act of #aicg1 which shall include review and consideration of views and proposals of producers and the dairy industry on the ,class ,i skim milk price1 including the higher of ,class ,i skim milk formula described in subsection 7b7 and any other views and proposals on the ,class ,i skim milk price1 and such other matters as the ,secretary of ,agriculture considers appropriate4 7b7 ,higher of ,class ,i skim milk formula described ,the higher of ,class ,i skim milk formula referred to in subsection 7a7 is the formula under which1 for purposes of determining prices for milk of the highest use classification1 the ,class ,i skim milk price per hundredweight specified in section #ajjj4ej7;b7 of title #g1 ,code of ,federal ,regulations 7or successor regulations71 is equal to the sum obtained by adding-- 7#a7 the adjusted ,class ,i differential specified in section #ajjj4eb of that title 7or successor regulations72 7#b7 the adjustment to ,class ,i prices specified in sections #ajje4ea7;b71 #ajjf4ea7;b71 and #ajjg4ea7;b7 of that title 7or successor regulations72 and 7#c7 the higher of-- 7,a7 the advanced pricing factor computed under section #ajjj4ej7q77#a7 of that title 7or successor regulations72 and 7,b7 the advanced pricing factor computed under section #ajjj4ej7q77#b7 of that title 7or successor regulations74 #c4 ,mandatory reporting of dairy product processing costs ,section #bgc of the ,agricultural ,marketing ,act of #aidf 7#g ,u4,s4,c4 #afcg;b7 is amended-- 7#a7 in subsection 7b77#a7-- 7,a7 in subparagraph 7,a77ii71 by striking and at the end2 7,b7 in subparagraph 7,b71 by striking the period at the end and inserting a semicolon2 and 7,c7 by adding at the end the following3 7,c7 for each manufacturer required to report under subparagraph 7,a7 for any product1 require that manufacturer to report cost and yield information1 as determined by the ,secretary1 for all products processed in the same facility or facilities2 and 7,d7 require any manufacturer of such other dairy products as determined by the ,secretary to report cost and yield information in the same manner as under subparagraph 7,c71 for the purposes of providing information for the regulatory or administrative establishment of pricing rules4 2 and 7#b7 in subsection 7d71 by adding at the end the following3 7#c7 ,dairy product processing costs ,not later than #b years after the date of enactment of this paragraph1 and every #b years thereafter1 the ,secretary shall publish a report containing the information obtained under subparagraphs 7,c7 and 7,d7 of subsection 7b77#a74 4