Library / Laws / 114th / hr / H.R. 2620 / Reported in House
IB
Union Calendar No. 129
114th CONGRESS
1st Session
H. R. 2620
[Report No. 114–174]
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
June 23, 2015
Additional sponsors: Mr. Crawford and Mr. Gibson
June 23, 2015
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed
Strike out all after the enacting clause and insert the part printed in italic
For text of introduced bill, see copy of bill as introduced on June 2, 2015
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
;
(2) in subparagraph (A) (as designated by paragraph (1)), by striking the period at the end and inserting ; and; and
(3) 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.
June 23, 2015
Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed