S.Amdt. 2535

SA 2535. Mr. WELCH submitted an amendment intended to be proposed to
amendment SA 2360 proposed by Mr. Thune (for Mr. Graham) to the bill
H.R. 1, to provide for reconciliation pursuant to title II of H. Con.
Res. 14; which was ordered to lie on the table; as follows:

Strike section 10106.

Strike section 10301 and insert the following:

SEC. 10301. REFERENCE PRICE.

Section 1111(19) of the Agricultural Act of 2014 (7 U.S.C.
9011(19)) is amended--
(1) by redesignating subparagraphs (A) through (O) as
clauses (i) through (xv), respectively, and indenting
appropriately;
(2) in the matter preceding clause (i) (as so
redesignated), by striking ``The term'' and inserting the
following:
``(A) In general.--Subject to subparagraph (B), the term'';
and
(3) by adding at the end the following:
``(B) Effectiveness.--Effective beginning with the 2025
crop year, the reference prices defined in subparagraph (A)
with respect to a covered commodity shall equal the reference
price defined in that subparagraph multiplied by 1.05.''.
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