Summary: H.R.3500 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for H.R.3500. Bill summaries are authored by CRS.

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Introduced in House (11/17/2003)

Directs the Secretary of Agriculture to establish and maintain the national 2004 marketing quota for Flue-cured and Burley tobacco at 2003 levels.

Provides that: (1) A producer-owned cooperative marketing association may fully settle, without further cost to the association, a loan made for the 2004 crop of Flue-cured and Burley tobacco by forfeiting to the Commodity Credit Corporation (CCC) the Flue-cured or Burley tobacco covered by the loan regardless of the condition of the tobacco; (2) any resultant CCC losses shall not be charged to the No Net Cost Tobacco Account; or affect certain related assessments; and (3) forfeited tobacco shall not be counted towards quotas, or sold for use in the United States.