S 638
A bill to amend the Act of June 22, 1948.
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Bill overview
This bill modifies the Thye-Blatnik Act, which deals with the appraisal of certain agricultural commodities exported from the United States. Specifically, it changes the method for determining the value of these commodities, requiring the Secretary of Agriculture to consider historical fair appraised values in addition to the current highest fair appraised value. This adjustment aims to provide a more comprehensive valuation for these exports.
Key provisions
- Revises the appraisal process for agricultural commodities under the Thye-Blatnik Act.
- Requires the Secretary of Agriculture to include historical fair appraised values in valuations.
- Updates Section 5 of the Act of June 22, 1948.
Who is affected
- U.S. exporters of agricultural commodities
- The Department of Agriculture
- International trading partners
Notable changes
- Expands the valuation criteria for agricultural exports.
- Introduces the consideration of historical appraisal values.
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119th CONGRESS — 1st Session
S. 638
IN THE SENATE OF THE UNITED STATES
A BILL
To amend the Act of June 22, 1948.
Section 5 of the Act of June 22, 1948 (commonly known as the Thye-Blatnik Act
) (62 Stat. 570, chapter 593; 16 U.S.C. 577g), is amended by striking of the fair appraised value of such
and inserting of the highest fair appraised value, including historical fair appraised values, as determined by the Secretary of Agriculture in accordance with this section, of such
.