program of orderly liquidation

program of orderly liquidation Sec. 201. (a) The Commodity Credit Corporation shall, as rapidly as possible consistent with its existing authority, the operation of the price support program, and orderly liquidation, dispose of all stocks of agricultural commodities held by it. (b) The Secretary shall submit to Congress within ninety days after the enactment of this Act detailed programs, with recommendations for any additional legislation needed to carry out such programs, (1) for the disposition of surplus commodities as required by subsection (a) above; (2) for a food stamp plan or similar program for distribution through States (including the District of Columbia, the Territories, Puerto Rico and the Virgin Islands) and local units of Government of future surplus production to needy persons in the United States, its Territories, and possessions, so as to prevent the accumulation of commodities in the hands of the Commodity Credit Corporation; and (3) for strategic stockpiling of foodstuffs and other agricultural products (A) inside the United States and (B) outside the United States as authorized in section 415 of the Mutual Security 70 Stat. 199 Act of 1954. The Secretary shall report annually on his operations under subsection (a) and such reports shall show— (1) the quantities of surplus commodities on hand; (2) the methods of disposition utilized and the quantities disposed of during the preceding twelve months; (3) the methods of disposition to be utilized and the estimated quantities that can be disposed of during the succeeding twelve months; (4) a detailed program for the expansion of markets for surplus agricultural commodities through marketing and utilization research and improvement of marketing facilities; and (5) recommendations for additional legislation necessary to accomplish the purposes of this section.