[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2620 Enrolled Bill (ENR)]
H.R.2620
One Hundred Fourteenth Congress
of the
United States of America
AT THE FIRST SESSION
Begun and held at the City of Washington on Tuesday,
the sixth day of January, two thousand and fifteen
An Act
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'';
(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.
Speaker of the House of Representatives.
Vice President of the United States and
President of the Senate.