Overview of H.R. 1622 (Cotton Research And Promotion Program Act of 1987) And Possible Alternative Funding Sources : Scheduled for a Public Hearing Before the Committee On Ways And Means On November 17, 1987 Jcx-21-87

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-2- I. SUMMARY OF THE COTTON RESEARCH AND PROMOTION PROGRAM The Cotton Research and Promotion Act of 1966 (the "Cotton Act") authorized the establishment of a Cotton Board to help the domestic cotton industry, in the face of a declining market share, to compete better with the synthetic fiber industry through the development of more efficient processing equipment and new and improved cotton products, and by increasing consumer awareness and acceptance of cotton products .
Similar research and m
...arket development programs apply to pork, beef, honey, and certain other agricultural commodities .
Originally, the cotton program was supported by a refundable assessment of $1.00 per bale of cotton, collected by a middleman in the raw cotton trade, with supplemental funding to be provided by the Federal Government. The assessment applied to all domestically produced upland cotton, including cottonseed from such cotton. The Cotton Act called for a referendum in which not less than two-thirds of all U.S.


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