
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 7USC1641]

 
                          TITLE 7--AGRICULTURE
 
         CHAPTER 39--STABILIZATION OF INTERNATIONAL WHEAT MARKET
 
Sec. 1641. Availability of wheat for export; utilization of 
        funds and facilities; prices; authorization of appropriations
        
    The President is authorized, acting through the Commodity Credit 
Corporation, to make available or cause to be made available, 
notwithstanding the provisions of any other law, such quantities of 
wheat and wheat-flour and at such prices as are necessary to exercise 
the rights, obtain the benefits, and fulfill the obligations of the 
United States under the International Wheat Agreement of 1949 signed by 
Australia, Canada, France, the United States, Uruguay, and certain wheat 
importing countries, along with the agreements signed by the United 
States and certain other countries revising and renewing such agreement 
of 1949 for periods through July 31, 1965 (hereinafter collectively 
called the ``International Wheat Agreement''). Nothing in this chapter 
shall be construed to preclude the Secretary of Agriculture, in carrying 
out programs to encourage the exportation of agricultural commodities 
and products thereof pursuant to section 612c of this title, from 
utilizing funds available for such programs in such manner as, either 
separately or jointly with the Commodity Credit Corporation, to exercise 
the rights, obtain the benefits, and fulfill all or any part of the 
obligations of the United States under the International Wheat Agreement 
or to preclude the Commodity Credit Corporation in otherwise carrying 
out wheat and wheat-flour export programs as authorized by law. Nothing 
contained in this chapter shall limit the duty of the Commodity Credit 
Corporation to the maximum extent practicable consistent with the 
fulfillment of the Corporation's purposes and the effective and 
efficient conduct of its business to utilize the usual and customary 
channels, facilities, and arrangements of trade and commerce in making 
available or causing to be made available wheat and wheat-flour under 
this chapter. The pricing provisions of section 1510(e) \1\ of title 22 
and section 713a-9 of title 15, shall not be applicable to domestic 
wheat and wheat-flour supplied to countries which are parties to the 
International Wheat Agreement and credited to their guaranteed purchases 
thereunder on and after August 1, 1949, and up to and including June 30, 
1950. Where prices in excess of the International Wheat Agreement prices 
have been paid for such wheat and wheat-flour financed by the Economic 
Cooperation Administration on or after August 1, 1949, and up to and 
including June 30, 1950, the Secretary of Agriculture or Commodity 
Credit Corporation is authorized to reimburse the Economic Cooperation 
Administration for such excess amounts. Funds realized from such 
reimbursement shall revert to the respective appropriation or 
appropriations from which funds were expended for the procurement of 
such wheat and wheat-flour. There are authorized to be appropriated such 
sums as may be necessary to make payments to the Commodity Credit 
Corporation of its estimated or actual net costs of carrying out its 
functions hereunder. Such net costs in connection with the International 
Wheat Agreement, 1959, shall include those with respect to all 
transactions which qualify as commercial purchases (as defined in such 
agreement) from the United States by importing member countries. Such 
net costs in connection with the International Wheat Agreement, 1962, 
shall include those with respect to all transactions which qualify as 
commercial purchases (as defined in such agreement) from the United 
States by member and provisional member importing countries, including 
transactions entered into prior to the deposit of instruments of 
acceptance or accession by any of the countries involved, if the loading 
period is not earlier than the date the agreement enters into force. The 
Commodity Credit Corporation is authorized in carrying out its functions 
under this chapter to utilize, in advance of such appropriations or 
payments, any assets available to it.
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    \1\ See References in Text note below.
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(Oct. 27, 1949, ch. 772, Sec. 2, 63 Stat. 945; Aug. 1, 1953, ch. 306, 
Sec. 1, 67 Stat. 358; Aug. 3, 1956, ch. 911, Sec. 1, 70 Stat. 966; Pub. 
L. 86-336, Sept. 21, 1959, 73 Stat. 600; Pub. L. 87-632, Sept. 5, 1962, 
76 Stat. 434.)

                       References in Text

    Section 1510 of title 22, referred to in text, was repealed by act 
Aug. 26, 1954, ch. 937, title V, Sec. 542(a), 68 Stat. 861.


                               Amendments

    1962--Pub. L. 87-632 extended authority of President to act under 
wheat agreements revising and renewing the Agreement of 1949 for periods 
through July 31, 1965, included within the net costs connected with the 
International Wheat Agreement of 1962, those with respect to commercial 
purchases from the United States by member and provisional member 
importing countries, including transactions entered into prior to 
deposit of instruments of acceptance or accession, if the loading period 
is not earlier than the date the agreement enters force.
    1959--Pub. L. 86-336 authorized this chapter to be used to implement 
the 1959 agreement and provided that net costs in connection with the 
1959 agreement include those with respect to all transactions which 
qualify as commercial purchases from the United States by importing 
member countries.
    1956--Act Aug. 3, 1956, permitted this chapter to be used to 
implement the new agreement ratified on July 11, 1956.
    1953--Act Aug. 1, 1953, permitted this chapter to be used to 
implement the new agreement ratified on July 14, 1953.


                               Short Title

    Section 1 of act Oct. 27, 1949, provided that: ``This Act [enacting 
this chapter] shall be known as the `International Wheat Agreement Act 
of 1949'.''

                          Transfer of Functions

    Economic Cooperation Administration abolished by act Oct. 10, 1951, 
ch. 479, 65 Stat. 373. Its functions are exercised by Agency for 
International Development. See section 2381 of Title 22, Foreign 
Relations and Intercourse.

                  Exceptions From Transfer of Functions

    Functions of Corporations of Department of Agriculture, boards of 
directors and officers of such corporations; Advisory Board of Commodity 
Credit Corporation; and Farm Credit Administration or any agency, 
officer, or entity of, under, or subject to supervision of said 
Administration excepted from functions of officers, agencies, and 
employees transferred to Secretary of Agriculture by 1953 Reorg. Plan 
No. 2, Sec. 1, effective June 4, 1953, 18 F.R. 3219, 67 Stat. 633, set 
out as a note under section 2201 of this title.


           References to International Wheat Agreement of 1949

    Section 2 of act Aug. 3, 1956, provided that: ``Reference in any law 
to the International Wheat Agreement of 1949 shall be deemed to include 
the Agreement (International Wheat Agreement, 1956) revising and 
renewing the International Wheat Agreement for a period ending July 31, 
1959.''
    Section 2 of act Aug. 1, 1953, provided that: ``Reference in any law 
to the International Wheat Agreement of 1949 shall be deemed to include 
the agreement revising and renewing the International Wheat Agreement.''
