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Appropriation Committees Suggest Cuts in EEP
Both the House and Senate Appropriations Committees this week proposed bills that would substantially reduce funding for the Export Enhancement Program (EEP) in fiscal year 1997 (Oct.-Sept.). The House Committee approved a bill that would reduce EEP funding by $90 million from the current $100 million to $10 million, while the Senate Committee bill would cut $50 million from the program. The measures are part of a large appropriation package that would use unspent funding to provide some $5 billion in disaster relief for states, such as North Dakota, that have experienced severe flooding this spring. The U.S. has not utilized the EEP program since July 1995.
Reprinted from Wheat Letter by U.S. Wheat Associates.
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