Fair Sugar Policy Act of 2021

Fair Sugar Policy Act of 2021

This bill makes several modifications to the Department of Agriculture's sugar program. Among other modifications, the bill decreases the rate for price support loans, repeals the marketing allotments, revises the administration of import quotas, and repeals the Feedstock Flexibility Program.

Bill 117 HR 4680, also known as the Fair Sugar Policy Act of 2021, aims to reform the current sugar program in the United States. The bill seeks to make the sugar market more competitive and fair for both producers and consumers.

One of the key provisions of the bill is the elimination of government price supports for sugar producers. Currently, the government sets a minimum price for sugar, which can artificially inflate prices for consumers. The Fair Sugar Policy Act would remove these price supports, allowing sugar prices to be determined by market forces.

Additionally, the bill aims to increase transparency in the sugar market by requiring the Department of Agriculture to report on sugar production, imports, and prices. This information would help policymakers and stakeholders make more informed decisions about the sugar industry. Furthermore, the Fair Sugar Policy Act includes provisions to protect American sugar producers from unfair trade practices, such as dumping and subsidies from foreign countries. By leveling the playing field for domestic sugar producers, the bill seeks to promote a more competitive and sustainable sugar industry in the United States. Overall, the Fair Sugar Policy Act of 2021 is a comprehensive piece of legislation that aims to modernize and improve the sugar program in the United States. By promoting competition, transparency, and fairness in the sugar market, the bill seeks to benefit both producers and consumers alike.