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Perishable Agricultural Commodities Act (PACA) of 1930
— P.L. 71-325 (June 10, 1930), as amended, regulates the buying and selling of
fresh and frozen fruits and vegetables to prevent unfair trading practices and
to assure that sellers will be paid promptly. Both produce sellers and buyers
must pay fees for a license in order to do business, and these license fees are
the source of funding for a trust program that resolves disputes and protects
sellers from non-payment when buyers become bankrupt. Amendments to the Act in
1995 (P.L. 104-48) include a 3-year phase out of the annual license fees for
retailers and grocery wholesaler-dealers to be replaced by one-time fee.
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