H.R. 2620 — Introduced in House

I 114th CONGRESS 1st Session H. R. 2620 IN THE HOUSE OF REPRESENTATIVES June 2, 2015 Mr. David Scott of Georgia (for himself, Mr. Austin Scott of Georgia, Mr. Westmoreland, and Mr. Bishop of Georgia) introduced the following bill; which was referred to the Committee on Agriculture A BILL To amend the United States Cotton Futures Act to exclude certain cotton futures contracts from coverage under such Act. 1. Excluding certain cotton futures contracts from coverage under United States Cotton Futures Act (a) In general Subsection (c)(1) of the United States Cotton Futures Act (7 U.S.C. 15B(c)(1)) is amended— (1) by striking except that any cotton futures contract and inserting the following: except that— (A) any cotton futures contract ; and (2) by adding at the end the following new subparagraph: (B) any cotton futures contract that permits tender of cotton grown outside of the United States is excluded from the coverage of this paragraph and section to the extent that the cotton grown outside of the United States is tendered for delivery under the cotton futures contract. . (b) Application The amendments made by subsection (a) shall apply with respect to cotton futures contracts entered into on or after the date of the enactment of this Act.