Summary: S.2866 — 108th Congress (2003-2004)All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed Senate without amendment (11/21/2004)

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Commodity Assessment, Protection, and Reform Act - Amends the Farm Security and Rural Investment Act of 2002 to authorize the Secretary of Agriculture to collect commodity assessments from the proceeds of a marketing assistance loan made in accordance with an agreement between the Secretary and a State.

Defines "assessment " as funds that are: (1) collected with respect to a specific commodity; (2) paid by the first purchaser of the commodity; and (3) not collected through a tax or other revenue collection activity of a State.