Page:United States Statutes at Large Volume 110 Part 1.djvu/945

 PUBLIC LAW 104-127—APR. 4, 1996 110 STAT. 921 (1) by striking "and" and inserting "the"; and (2) by inserting before the period the following: ", and any additional amount that may be required to assist in the development of world markets for United States dairy products". (e) MAXIMUM ALLOWABLE AMOUNTS.— Section 153 of the Food Security Act of 1985 (15 U.S.C. 713a-14) is amended by adding at the end the following: "(f) REQUIRED FUNDING.— "(1) IN GENERAL.— Except as provided in paragraph (2), the Commodity Credit Corporation shall in each year use money and commodities for the program under this section in the maximum amount consistent with the obligations of the United States as a member of the World Trade Organization, minus the amount expended under section 1163 of the Food Security Act of 1985 (Public Law 99-198; 7 U.S.C. 1731 note) during that year. "(2) VOLUME LIMITATIONS.— The Commodity Credit Corporation may not exceed the limitations specified in subsection (c)(3) on the volume of allowable dairy product exports.". SEC. 149. AUTHORITY TO ASSIST IN ESTABLISHMENT AND MAINTE- 7 USC 7257. NANCE OF ONE OR MORE EXPORT TRADING COMPANIES. The Secretary of Agriculture shall, consistent with the obligations of the United States as a member of the World Trade Organization, provide such advice and assistance to the United States dairy industry as may be necessary to enable that industry to establish and maintain one or more export trading companies under the Export Trading Company Act of 1982 (15 U.S.C. 4001 et seq.) for the purpose of facilitating the international market development for and exportation of dairy products produced in the United States. SEC. 150. STANDBY AUTHORITY TO INDICATE ENTITY BEST SUITED 7 USC 7258. TO PROVIDE INTERNATIONAL MARKET DEVELOPMENT AND EXPORT SERVICES. (a) INDICATION OF ENTITY BEST SUITED TO ASSIST INTER- NATIONAL MARKET DEVELOPMENT FOR AND EXPORT OF UNITED STATES DAIRY PRODUCTS. — The Secretary of Agriculture shall indicate which entity or entities autonomous of the Government of the United States, which seeks such a designation, is best suited to facilitate the international market development for and exportation of United States dairy products, if the Secretary determines that— (1) the United States dairy industry has not established an export trading company under the Export Trading Company Act of 1982 (15 U.S.C. 4001 et seq.) for the purpose of facilitating the international market development for an exportation of dairy products produced in the United States on or before June 30, 1997; or (2) the quantity of exports of United States dairy products during the 12-month period preceding July 1, 1998 does not exceed the quantity of exports of United States dairy products during the 12-month period preceding July 1, 1997 by 1.5 billion pounds (milk equivalent, total solids basis). (b) FUNDING OF EXPORT ACTIVITIES.—The Secretary shall assist the entity or entities identified under subsection (a) in identifying

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