Title 46 — ShippingRelease 119-73
§55312 Determining prevailing world market price
Title 46 › Subtitle Subtitle V— - Merchant Marine › Part Part D— - Promotional Programs › Chapter CHAPTER 553— - PASSENGER AND CARGO PREFERENCES › Subchapter SUBCHAPTER II— - EXPORT TRANSPORTATION OF AGRICULTURAL COMMODITIES › § 55312
Summary
Secretary of Agriculture must set, by regulation with notice and comment under section 553 of title 5, the prevailing world prices for farm products and, when needed for section 55314(b)(6) or (7), set prices after consulting agencies.
Full Legal Text
Title 46, §55312
Shipping — Source: USLM XML via OLRC
(a)The prevailing world market price for agricultural commodities or their products shall be determined under this subchapter under procedures prescribed by the Secretary of Agriculture. The Secretary shall prescribe the procedures by regulation, with notice and opportunity for public comment under section 553 of title 5.
(b)If a determination of the prevailing world market price of any other type of materials, goods, equipment, or service is required to determine whether a barter or exchange transaction is subject to section 55314(b)(6) or (7) of this title, the determination shall be made by the Secretary of Agriculture in consultation with the heads of other appropriate agencies.
Legislative History
Notes & Related Subsidiaries
Historical and Revision Notes
Revised SectionSource (U.S. Code)Source (Statutes at Large) 5531246 App.:1241f(e).June 29, 1936, ch. 858, title IX, § 901b(e), as added Pub. L. 99–198, title XI, § 1142, Dec. 23, 1985, 99 Stat. 1492.
Reference
Citations & Metadata
Citation
46 U.S.C. § 55312
Title 46 — Shipping
Last Updated
Apr 6, 2026
Release point: 119-73