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The Soybean Promotion, Research, and Consumer Information Act (“Act”) is a federal legislation that protects soybeans that are produced by thousands of soybean producers, processed by numerous processing entities. This Act is established pursuant to 7 USCS § 6301. The Act also provides protection for soybean products that are produced in the U.S. which are consumed by people and livestock throughout the U.S. and foreign countries. The Act provides for the maintenance and expansion of existing soybean markets. The Act also aids in the development of new markets for soybeans and soybean products which are vital to the welfare of soybean producers and processors and those concerned with marketing soybeans and soybean products, as well as to the general economy of the U.S.
In addition, the Act also provides for an orderly procedure for developing, financing through assessments on domestically-produced soybeans. It also helps in implementing a program of promotion, research, consumer information, and industry information designed to strengthen the soybean industry's position in the marketplace. The Act also helps in maintaining and expanding existing domestic and foreign markets and uses for soybeans and soybean products. The Act also helps in developing new markets and uses for soybeans and soybean products.