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7 U.S.C. § 1445–3

Purchase of inventory stock

United States · Title 7 — AGRICULTURE · Status: effective

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7 U.S.C. § 1445–3, Purchase of inventory stock, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/429486
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Notwithstanding any other provision of law, in order to reduce or eliminate the excessive inventories of Flue-cured and Burley tobacco held by associations from the 1976 through 1984 crops, and in order to provide for the orderly disposition of such excessive inventories of tobacco in a manner that will not disrupt the orderly marketing of new tobacco crops and will minimize any losses to the Federal Government: The stocks of Flue-cured tobacco from the 1976 through 1984 crops shall be offered for sale at the base prices, including carrying charges, in effect as of the date of the offer, reduced by— Such agreements shall provide that, over a period of time, each participating domestic manufacturer of cigarettes shall purchase a percentage of the stocks of Flue-cured and Burley tobacco held— The period of time referred to in clause (i) may not exceed— “Net cigarettes manufactured for use” shall be computed by subtracting— The percentage to be purchased by each participating manufacturer shall be determined— Such percentage shall be determined by dividing— Such quantity shall be based on— The appropriate annual quantity to be withdrawn from inventories shall be— The Secretary of Agriculture shall not approve any agreement submitted under this section unless the Secretary has determined that— the agreement— The limitations on disclosure set forth in subsections (c) and (d) of section 1314g 1 of this title shall apply to information submitted by domestic manufacturers of cigarettes under this section with respect to net cigarettes manufactured for use, including information provided on ATF Form 3068. Any officer or employee of the Department of Agriculture who violates such limitations on disclosure shall be subject to the penalties set forth in section 1314g(c)(4) 1 of this title.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 99-272(H.R. 3128)1986-04-07
    Consolidated Omnibus Budget Reconciliation Act of 1985
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 107-296(H.R. 5005)2002-11-25
    Homeland Security Act of 2002