A bill to amend the Commodity Credit Corporation Charter Act to establish a revolving fund to finance short term export credit sales of agricultural commodities produced in the United States.
Latest action. Referred to Senate Committee on Agriculture, Nutrition and Forestry.
Amends the Commodity Credit Corporation Charter Act to establish in the Treasury an Agricultural Export Credit Revolving Fund to finance short-term export credit sales of agricultural commodities produced in the U.S. and to make loans for the construction or acquisition of facilities to improve the capacity of foreign countries to handle, market, process, store, or distribute such agricultural commodities. Requires that all sums received by the Commodity Credit Corporation from the liquidation of loans made to finance short-term export credit sales of such agricultural commodities be added to and become a part of such fund. Authorizes appropriations in specified amounts for fiscal years 1981 through 1983 to such fund. Directs the Secretary of Agriculture to report annually to Congress on the export credit sales program carried out by the Corporation in the last fiscal year. Abolishes such fund effective October 1, 1983. Requires that all unobligated money in such fund become a part of the miscellaneous receipts account of the Treasury.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in Senate" stage on December 20, 1979. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on December 20, 1979: Referred to Senate Committee on Agriculture, Nutrition and Forestry.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the Senate
- Passage by the House
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 96th Congress (1979-80), 613 of the 12,581 bills and joint resolutions introduced became law, about 4.9 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
ROBERT MORGAN (D-NC) introduced it on December 20, 1979, and 11 members have since signed on as cosponsors.
They come from both major parties: 5 Democrats, 6 Republicans.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on December 20, 1979, 17113 days ago. The most recent recorded action was 17113 days ago, on December 20, 1979.
Measures do not carry over. Anything the 96th Congress has not finished by January 3, 1981 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- SenateIn committee, no floor vote yet
- HouseAwaits Senate passage
- PresidentAwaits both chambers