Perishable Agricultural Commodities Act to Increase the Statutory Ceilings on License Fees: Hearing Before the Subcommittee on Domestic Marketing, Consumer Relations, and Nutrition of the Committee on Agriculture, House of Representatives, One Hundredth Congress, Second Session, on H.R. 4694, July 7, 1988

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Page 122 - broker" means any person engaged in the business of negotiating sales and purchases of any perishable agricultural commodity in interstate or foreign commerce for or on behalf of the vendor or the purchaser, respectively, except that no person shall be deemed to be a "broker...
Page 3 - ... unfair and fraudulent practices in the marketing of perishable agricultural commodities; and (2) prevent the unwarranted destruction or dumping of farm products handled for and on behalf of others.
Page 7 - House of Representatives The Honorable E (Kika) de la Garza Chairman, Committee on Agriculture House of Representatives The Honorable Henry B.
Page 159 - I would like to thank you for the opportunity to appear before you today. I would be happy to answer any questions you may have.
Page 3 - PACA established a code of fair trading practices covering the marketing of fresh and frozen fruits and vegetables in interstate and foreign commerce. It protects growers, shippers, distributors, retailers and others who deal in those commodities by prohibiting unfair and fraudulent practices.
Page 115 - ... and to protect the public interest. (2) Perishable agricultural commodities received by a commission merchant, dealer, or broker in all transactions, and all inventories of food or other products derived from perishable agricultural commodities, and any receivables or proceeds from the | sale of such commodities or products, shall be held by such commission merchant, dealer, or broker in trust for the benefit of all unpaid suppliers or sellers of such commodities or agents involved in the...
Page 54 - I again thank you for the opportunity to appear before you today, and would be happy to answer any questions you might have.
Page 115 - ... them on behalf of another person, encumber or give lenders a security interest in such commodities, or on inventories of food or other products derived from such commodities, and any receivables or proceeds from the sale of such commodities or products, and that such arrangements are contrary to the public interest. This subsection is intended to remedy such burden on commerce in perishable agricultural commodities and to protect the public interest.
Page 24 - I want to thank you again for the opportunity to appear before the...
Page 88 - ... after the day on which the broker's invoice is received by the buyer; (4) Payment of brokerage earned and other expenses in connection with produce purchased or sold, within 10 days after the day on which the broker's invoice is received by the principal; (5) Payment for produce purchased by a buyer, within 10 days after the day on which the produce is accepted...

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