Fence Post: Written by Hagstrom Report. November 8, 2018.
Reps. Virginia Foxx, R-N.C., and Danny Davis, D-Ill., and Sens. Jeanne Shaheen, D-N.H., and Pat Toomey R-Pa., introduced a bipartisan and bicameral Sugar Policy Modernization Act, legislation they said would phase market reforms into the U.S. sugar program.
Foxx said in a news release that the bill would:
» Lift restrictions on the domestic production and sale of refined sugar.
» Reduce taxpayer liability to loan forfeitures when sugar processors decide not to pay back their USDA loans.
» Ensure that the domestic demand for sugar is considered when the USDA administers the sugar program.
» Bring market forces into the U.S. sugar market and phase out supply-management policies.
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