113 HR 4267 IH: Commodity Delivery Relief Act U.S. House of Representatives 2014-03-14 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 113th CONGRESS 2d Session H. R. 4267 IN THE HOUSE OF REPRESENTATIVES March 14, 2014 Mr. McAllister introduced the following bill; which was referred to the Committee on Agriculture A BILL To amend the Commodity Exchange Act to provide relief for end users who use physical contracts with volumetric optionality.

1.

Short title

This Act may be cited as the Commodity Delivery Relief Act.

2.

Relief for end users who use physical contracts with volumetric optionality

Section 1a(47)(B)(ii) of the Commodity Exchange Act (7 U.S.C. 1a(47)(B)(ii)) is amended to read as follows: (ii)any purchase or sale of a nonfinancial commodity or security for deferred shipment or delivery, so long as the transaction is intended to be physically settled, including any stand-alone or embedded option for which exercise results in a physical delivery obligation;.