§ 1421a. — Financial impact study.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 7USC1421a]
TITLE 7--AGRICULTURE
CHAPTER 35A--PRICE SUPPORT OF AGRICULTURAL COMMODITIES
SUBCHAPTER I--GENERAL PROVISIONS
Sec. 1421a. Financial impact study
(a) Study
The Secretary of Agriculture shall conduct an annual study of the
financial impact of the support levels established and announced by the
Secretary under programs contained in the Agricultural Act of 1949 [7
U.S.C. 1421 et seq.] (hereafter in this section referred to as
``programs''), including a study of the effect of the support levels on
the ability of producers to meet their financial obligations (with
special emphasis on borrowers from the Farmers Home Administration and
the Farm Credit System).
(b) Report
The Secretary shall annually prepare a report containing the results
of the study and submit the report to the Committee on Agriculture of
the House of Representatives and the Committee on Agriculture,
Nutrition, and Forestry of the Senate, not later than the date of the
final announcement for the programs by the Secretary for any 1 year.
(c) Informational purposes
The study under this section (including the study of the effect of
the support levels on the ability of producers to meet their financial
obligations) shall be only for informational purposes and for
Congressional oversight and shall not give rise to any cause of action,
be a basis for, or be used as evidence in support of, any claim or right
of any person, including farmers and borrowers, in any administrative or
judicial proceeding.
(Pub. L. 101-624, title XI, Sec. 1147, Nov. 28, 1990, 104 Stat. 3516.)
References in Text
The Agricultural Act of 1949, referred to in subsec. (a), is act
Oct. 31, 1949, ch. 792, 63 Stat. 1051, as amended, which is classified
principally to this chapter (Sec. 1421 et seq.). For complete
classification of this Act to the Code, see Short Title note set out
under section 1421 of this title and Tables.
Codification
Section was enacted as part of the Food, Agriculture, Conservation,
and Trade Act of 1990, and not as part of the Agricultural Act of 1949
which is classified principally to this chapter. For complete
classification of the 1949 Act to the Code, see Short Title note set out
under section 1421 of this title and Tables.
Effective Date
Section effective beginning with 1991 crop of an agricultural
commodity, with provision for prior crops, see section 1171 of Pub. L.
101-624, set out as a note under section 1421 of this title.
