QUALITY LOSS ADJUSTMENT PROCEDURES.

SEC. 10003. QUALITY LOSS ADJUSTMENT PROCEDURES. Section 508(m) of the Federal Crop Insurance Act (7 U.S.C. 1508(m)) is amended— (1) in paragraph (3)— (A) by striking “The Corporation” and inserting the following: “(A) Review.—The Corporation”; and (B) by striking “Based on” and inserting the following: “(B) Procedures.—Effective beginning not later than the 2004 reinsurance year, based on”; and116 STAT. 487 (2) by adding at the end the following: “(4) Quality of agricultural commodities delivered to warehouse operators.—In administering this title, the Secretary shall accept, in the same manner and under the same terms and conditions, evidence of the quality of agricultural commodities delivered to— “(A) warehouse operators that are licensed under the United States Warehouse Act (7 U.S.C. 241 et seq.); “(B) warehouse operators that— “(i) are licensed under State law; and “(ii) have entered into a storage agreement with the Commodity Credit Corporation; and “(C) warehouse operators that— “(i) are not licensed under State law but are in compliance with State law regarding warehouses; and “(ii) have entered into a commodity storage agreement with the Commodity Credit Corporation.”.