Dairy Pricing Opportunity Act
This bill directs the Department of Agriculture (USDA) to hold national hearings to review Federal Milk Marketing Orders. (USDA uses these orders to establish a minimum price for various classes of milk.) The hearings must include the review of proposals from producers and the dairy industry on the price of Class I skim milk.
To require the Secretary of Agriculture to initiate hearings to review 
Federal milk marketing orders relating to pricing of Class I skim milk, 
                        and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Dairy Pricing Opportunity Act''.

SEC. 2. NOTICE AND HEARINGS.

    (a) In General.--Not later than 180 days after the date of 
enactment of this Act, the Secretary of Agriculture shall provide 
notice of, and initiate, national hearings to review Federal milk 
marketing orders under section 8c(3) of the Agricultural Adjustment Act 
(7 U.S.C. 608c(3)), reenacted with amendments by the Agricultural 
Marketing Agreement Act of 1937, which shall include review and 
consideration of views and proposals of producers and the dairy 
industry on the Class I skim milk price, including the ``higher of'' 
Class I skim milk formula described in subsection (b) and any other 
views and proposals on the Class I skim milk price, and such other 
matters as the Secretary of Agriculture considers appropriate.
    (b) ``Higher of'' Class I Skim Milk Formula Described.--The 
``higher of'' Class I skim milk formula referred to in subsection (a) 
is the formula under which, for purposes of determining prices for milk 
of the highest use classification, the Class I skim milk price per 
hundredweight specified in section 1000.50(b) of title 7, Code of 
Federal Regulations (or successor regulations), is equal to the sum 
obtained by adding--
            (1) the adjusted Class I differential specified in section 
        1000.52 of that title (or successor regulations);
            (2) the adjustment to Class I prices specified in sections 
        1005.51(b), 1006.51(b), and 1007.51(b) of that title (or 
        successor regulations); and
            (3) the higher of--
                    (A) the advanced pricing factor computed under 
                section 1000.50(q)(1) of that title (or successor 
                regulations); and
                    (B) the advanced pricing factor computed under 
                section 1000.50(q)(2) of that title (or successor 
                regulations).
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Dairy Pricing Opportunity Act
To require the Secretary of Agriculture to initiate hearings to review Federal milk marketing orders relating to pricing of Class I skim milk, and for other purposes.
Dairy Pricing Opportunity Act
Rep. Morelle, Joseph D.