Page:United States Statutes at Large Volume 76.djvu/204

 156

PUBLIC LAW 87-535-JULY 13, 1962

[76 STAT.

(i) Section 8557 of the Revised Statutes, as amended (31 282). (j) Section 3559 of the Revised Statutes, as amended (31 284). (k) Section 3560 of the Revised Statutes, as amended (31 285). (1) Section 3561 of the Revised Statutes, as amended (31 286). (m) Act of February 20, 1895 (ch. 105, 28 Stat. 673; 31 262,283). Approved July 11, 1962.

U.S.G. U.S.C. U.S.C. U.S.C. U.S.C.

Public Law 87-535 July 13, 1962 [H. R. 12154]

Sugar Act Amendments of 1962. Post, p. 169. Annual consumption estimate. 61 Stat. 923. 7 USC 1111.

"Parity i n d e x. " 7 USC 1301.

Quotas, establishment or revision. 65 Stat. 318. 7 USC 1112.

AN ACT To amend and extend the provisions of the Sugar Act of 1948, as amended. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Sugar Act Amendments of 1962". SEC. 2. Section 201 of the Sugar Act of 1948, as amended, is amended as follows: by striking out the last sentence thereof, all of the language following the phrase "in addition to the consumption, inventory, population, and demand factors above specified and the level and trend of consumer purchasing power," and by adding after such phrase the following language: "shall take into consideration the relationship between the price for raw sugar that he estimates would result from such determination and the parity index, as compared with the relationship between the average price of raw sugar during the three-year period 1957, 1958, and 1959, and the average of the parity indexes during such three years, with the view to attaining generally stable domestic sugar prices that will carry out over the long term the price objective previously set forth in this section; and in order that the regulation of commerce provided by this Act shall not result in excessive prices to consumers, the Secretary shall make such additional allowances as he deems necessary in the amount of sugar determined to be needed to meet requirements of consumers. The term 'parity index' as used herein shall mean such index as determined under section 301 of the Agricultural Adjustment Act of 1938, as amended, and as published monthly by the United States Department of Agriculture." SEC. 3. Section 202 of such Act is amended to read as follows: "SEC. 202. Whenever a determination is made, pursuant to section 201, of the amount of sugar needed to meet the requirements of consumers, the Secretary shall establish quotas, or revise existing quotas—

�