; and (ii) 15 percent for fiscal year 2020; and (B) stocks of raw cane sugar and refined beet sugar are adequate throughout each of fiscal years 2019 and 2020 to meet the needs of the marketplace, including the efficient use of raw cane sugar refining capacity. . (3) Effective period Section 359l(a) of the Agricultural Adjustment Act of 1938 ( 7 U.S.C. 1359ll(a) ) is amended by striking 2018 and inserting 2020 . (b) Repeal and replacement (1) In general Effective on October 1, 2020, part VII of subtitle B of title III of the Agricultural Adjustment Act of 1938 ( 7 U.S.C. 1359aa et seq.) is amended to read as follows: VII Sugar 359a. Administration of tariff-rate quotas (a) Establishment Notwithstanding any other provision of law, at the beginning of fiscal year 2021 and each fiscal year thereafter through the end of the effective period described in subsection (d), the Secretary shall establish tariff-rate quotas for raw cane sugar and refined beet sugar— (1) to provide adequate supplies of sugar at reasonable prices; and (2) at such levels as are necessary to comply with obligations under international trade agreements that have been approved by Congress. (b) Adjustment authority The Secretary shall adjust tariff-rate quotas established under subsection (a) in such a manner as to ensure, to the maximum extent practicable, that— (1) the final ratio of sugar stocks to total sugar use at the end of each fiscal year is 15.5 percent; and (2) stocks of raw cane and refined beet sugar are adequate throughout each fiscal year to meet the needs of the marketplace, including the efficient use of cane refining capacity. (c) Transfer of quota shares (1) In general The Secretary shall promulgate regulations that— (A) promote the maximum practicable use of the tariff-rate quotas established under subsection (a); (B) ensure adequate supplies of raw cane sugar for cane refiners in the United States