Phase III Implementation Act

[AI summary unavailable — showing source text] Phase III Implementation Act - Directs the Secretary of Agriculture, beginning with the 2004 crop, to determine and announce the national estimate for each type of flue-cured and burley tobacco that the Secretary estimates will be utilized during the marketing year. Requires each domestic manufacturer of cigarettes to submit to the Secretary a statement of the quantity of flue-cured tobacco and burley tobacco that the manufacturer intends to purchase on U.S. auction markets or from licensed tobacco producers during the next marketing year. Subjects a manufacturer to penalties for failure to submit such information, or for under purchasing. Sets forth flue-cured and burley: (1) reserve supply levels; and (2) the national tobacco marketing factor. Directs the Secretary: (1) to issue to each historic tobacco producer a tobacco production license to ensure production sufficient to satisfy the national estimate; and (2) if a license is surrendered or revoked, transfer the license and the corresponding tobacco production history to beginning tobacco producers or licensed tobacco producers in the same county, same State, or in counties in other States in which licensed producers are opera…