[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5810 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 5810

To amend the United States Cotton Futures Act to exclude certain cotton 
            futures contracts from coverage under such Act.


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                    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

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                                 A BILL


 
To amend the United States Cotton Futures Act to exclude certain cotton 
            futures contracts from coverage under such Act.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 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.
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