SECTION 1. REDUCTION IN SUBSIDY AMOUNTS FOR AGRICULTURAL COMMODITY PROGRAMS.
Notwithstanding any other provision of law, to carry out title I of H.R. 2419 of the 110th Congress, as enrolled, the Secretary of Agriculture shall make such reductions in payment rates and loan rates otherwise applicable to commodity programs under such title and amendments made by that title as may be necessary to reduce obligations and expenditures of funds of the Commodity Credit Corporation by $7,000,000,000 for each of fiscal years 2008 through 2012.CommentsClose CommentsPermalink
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