113 HR 5810 IH: To amend the United States Cotton Futures Act to exclude certain cotton futures contracts from coverage under such Act. U.S. House of Representatives 2014-12-08 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. 5810 IN THE HOUSE OF REPRESENTATIVES December 8, 2014 Mr. Westmoreland (for himself, Mr. David Scott of Georgia, Mr. Austin Scott of Georgia, 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.