A bill to authorize the Secretary of Agriculture to amend retroactively regulations of the Department of Agriculture pertaining to the computation of price support payments under the national Wool Act of 1954 in order to insure the equitable treatment of ranchers and farmers.
Public Law 94-312 · S. 532 · 94th Congress · began in the Senate
Signed by Gerald Ford (R) on Jun 21, 1976 · Agriculture and Food
Sponsor: Sen. Floyd Haskell (D-CO)
Cosponsors (4): Sen. Gary Hart, Sen. Gale McGee,
Passage votes
- HouseMethod not stated
- SenateMethod not stated
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Authorizes the Secretary of Agriculture to amend retroactively the regulations of the Department of Agriculture pertaining to the computation of price support payments under the National Wool Act of 1954. Declares that such payments may, in the case of any rancher or farmer, be computed on the basis of (1) the net sales proceeds received, or (2) in the event that the amount provided in the sales documents was not realized, the lesser of the following: (1) the net sales price that would have been received, or (2) the fair market value of the commodity concerned at the time of the sale.
Authorizes the Secretary to make such payment adjustments for any application filed for the payment of such price supports under the National Wool Act of 1954 with respect to any commodity marketed during the four years 1969 through 1972.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 13 actions.
- Jun 21, 1976Became lawBecame law · Signed by President.
- PresidentPresident · Public law 94-312.
- Jun 11, 1976PresidentPresident · Measure presented to President.
- Jun 10, 1976PresidentPresident · Measure enrolled in Senate.
- Jun 8, 1976PresidentPresident · Measure enrolled in House.
- Jun 7, 1976FloorFloor · Measure passed House.
- FloorFloor · Measure called up by unanimous consent in House.
- May 15, 1976CommitteeCommittee · Reported by House Agriculture Committee
- Apr 14, 1976CommitteeCommittee · Referred to House Agriculture Committee
- Apr 13, 1976FloorFloor · Measure passed Senate.
- Mar 29, 1976CommitteeCommittee · Reported by Senate Agriculture, Nutrition, and Forestry Committee
- Feb 3, 1975CommitteeCommittee · Referred to Senate Agriculture, Nutrition, and Forestry Committee
- IntroducedIntroduced · Introduced in the Senate
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.