Agricultural Commodities Price Enhancement Act of 2023

#5101 | HR Congress #118

Last Action: Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. (9/19/2023)

Bill Text Source: Congress.gov

Summary and Impacts
Original Text
[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5101 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 5101

To increase the reference prices for certain commodities, and for other 
                               purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             August 1, 2023

 Mr. Davis of North Carolina introduced the following bill; which was 
                referred to the Committee on Agriculture

_______________________________________________________________________

                                 A BILL


 
To increase the reference prices for certain commodities, and for other 
                               purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Agricultural Commodities Price 
Enhancement Act of 2023''.

SEC. 2. REFERENCE PRICE INCREASES FOR WHEAT, CORN, SOYBEANS, PEANUTS, 
              AND SEED COTTON.

    Section 1111(19) is amended of the Agricultural Act of 2014 (7 
U.S.C. 9011(19)) is amended--
            (1) in subparagraph (A), by striking ``$5.50 per bushel'' 
        and inserting ``$6.05 per bushel'';
            (2) in subparagraph (B), by striking ``$3.70 per bushel'' 
        and inserting ``$4.63 per bushel'';
            (3) in subparagraph (H), by striking ``$8.40 per bushel'' 
        and inserting ``$9.66 per bushel'';
            (4) in subparagraph (J), by striking ``$535.00 per ton'' 
        and inserting ``$588.50 per ton''; and
            (5) in subparagraph (O), by striking ``$0.367 per pound'' 
        and inserting ``$0.45 per pound''.
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