H.R.3500 - To prohibit the anticipated extreme reduction in the national marketing quotas for the 2004 crop of Flue-cured and Burley tobacco, which, if permitted to occur, would mean economic ruin for tobacco farmers and their families.108th Congress (2003-2004)
|Sponsor:||Rep. Jones, Walter B., Jr. [R-NC-3] (Introduced 11/17/2003)|
|Committees:||House - Agriculture|
|Latest Action:||11/17/2003 Referred to the House Committee on Agriculture. (All Actions)|
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Summary: H.R.3500 — 108th Congress (2003-2004)All Bill Information (Except Text)
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.