
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 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.
