H.R.5035 - Tobacco Equity Elimination Act of 2002107th Congress (2001-2002)
|Sponsor:||Rep. Fletcher, Ernie [R-KY-6] (Introduced 06/27/2002)|
|Committees:||House - Agriculture|
|Latest Action:||07/12/2002 Referred to the Subcommittee on Specialty Crops and Foreign Agriculture Programs. (All Actions)|
This bill has the status Introduced
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Summary: H.R.5035 — 107th Congress (2001-2002)All Bill Information (Except Text)
Tobacco Equity Elimination Act of 2002 - Directs the Secretary of Agriculture to: (1) make payments to qualifying tobacco quota holders as compensation for the loss of tobacco quota asset value; (2) make transition payments to active tobacco producers, including producers who forgo obtaining a tobacco production license; and (3) assess an annual user fee on tobacco manufacturers and importers who sell in domestic U.S. commerce.
Introduced in House (06/27/2002)
Amends the Agricultural Act of 1949 with respect to tobacco price supports to: (1) revise such provisions to reflect annual production costs for each type of tobacco; (2) eliminate references to quota tobacco in no net cost provisions; and (3) eliminate tobacco from the definition of "basic agricultural commodity."
Directs the Secretary and cigarette and other tobacco-product manufacturers, respectively, to estimate annual export and domestic quantity and industry purchase requirements. Directs the Secretary to issue to each historic tobacco producer a tobacco production license in order to harmonize annual purchase intentions and production.
Repeals the Tobacco Control Act and specified related provisions ( thus terminating marketing quota program provisions).
Authorizes the establishment of a nonprofit Center for Tobacco-Dependent Communities which shall provide economic and community development assistance to tobacco communities in transition to non-tobacco economies.