MANDATORY REPORTING OF DAIRY COMMODITIES.

SEC. 1510. MANDATORY REPORTING OF DAIRY COMMODITIES.(a) Electronic Reporting.—Section 273 of the Agricultural Marketing Act of 1946 (7 U.S.C. 1637b) is amended—(1) by redesignating subsection (d) as subsection (e); and(2) by inserting after subsection (c) the following:“(d) Electronic Reporting.—“(1) In general.—Subject to the availability of funds under paragraph (3), the Secretary shall establish an electronic reporting system to carry out this section.“(2) Frequency of reports.—After the establishment of the electronic reporting system in accordance with paragraph (1), the Secretary shall increase the frequency of the reports required under this section.“(3) Authorization of appropriations.—There are authorized to be appropriated such sums as are necessary to carry out this subsection.”.(b) Quarterly Audits.—Section 273(c) of the Agricultural Marketing Act of 1946 (7 U.S.C. 1637b(c)) is amended by striking paragraph (3) and inserting the following:“(3) Verification.—“(A) In general.—The Secretary shall take such actions as the Secretary considers necessary to verify the accuracy of the information submitted or reported under this subtitle.“(B) Quarterly audits.—The Secretary shall quarterly conduct an audit of information submitted or reported under this subtitle and compare such information with other related dairy market statistics.”.