§1641 Availability of Wheat for Export; Utilization of Funds and Facilities; Prices; Authorization of Appropriations

Summary

The President, using the Commodity Credit Corporation (CCC), may provide whatever amounts of wheat and wheat-flour and set prices as needed, even if other laws would say otherwise, so the United States can use its rights, get benefits, and meet its duties under the International Wheat Agreement of 1949 and its renewals through July 31, 1965. The Secretary of Agriculture may also use funds for export programs under section 612c, alone or with the CCC, to help meet those obligations. The CCC must, as much as is practical and consistent with its work, use normal trade channels when making wheat available. The pricing rules in section 1510(e) of title 22 and section 713a–9 of title 15 do not apply to domestic wheat and flour supplied to IWA parties and credited to guaranteed purchases from August 1, 1949 through June 30, 1950. If the Economic Cooperation Administration paid prices above the IWA rates in that period, the Secretary or CCC may repay the excess, and that money returns to the original appropriation. Congress may approve funds to cover the CCC’s estimated or actual net costs. Net costs for the International Wheat Agreement, 1959, and for the International Wheat Agreement, 1962, include the specified commercial purchases by importing member or provisional member countries, including certain transactions entered into before formal acceptance if loading is not earlier than the agreement’s effective date. The CCC may use its own assets before appropriations arrive.