Tobacco Livelihood and Economic Assistance for our Farmers Act

Tobacco Livelihood and Economic Assistance for Our Farmers Act - Amends, and repeals, specified agricultural Acts to eliminate tobacco quota and price support programs, including no net cost provisions. Sets forth transition provisions, including provision of compensation to eligible quota holders. Continues Federal crop insurance for tobacco producers.

Directs: (1) the Secretary of Agriculture to establish in the Department of Agriculture the Tobacco Quality Board; and (2) the Secretary of Health and Human Services (Secretary) to assess fees on tobacco product manufacturers and importers that sell tobacco products in U.S. domestic commerce.

Amends the Federal Food, Drug, and Cosmetic Act to extend Food and Drug Administration regulatory authority to tobacco products, with exceptions for certain health-or disease treatment-related uses. Sets forth provisions respecting: (1) adulterated and misbranded tobacco products; (2) required health information; (3) registration and recordkeeping; (4) control of tobacco products; (5) performance standards; (6) remedies; (7) premarket review; (8) judicial review; (9) reduced risk tobacco products; (10) access and marketing restrictions; and (11) mandatory disclosures.

Amends the Federal Cigarette Labeling and Advertising Act and the Comprehensive Smokeless Tobacco Health Education Act of 1986, respectively, to revise cigarette and smokeless tobacco labeling and advertising warning provisions.

Amends the Federal Cigarette Labeling and Advertising Act to direct the Secretary to determine whether cigarette labeling and advertising shall be required to provide tar, nicotine, and other smoke constituent information.