[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2620 Reported in House (RH)]

                                                 Union Calendar No. 129
114th CONGRESS
  1st Session
                                H. R. 2620

                          [Report No. 114-174]

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


_______________________________________________________________________


                    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.


 


    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.
                                                 Union Calendar No. 129

114th CONGRESS

  1st Session

                               H. R. 2620

                          [Report No. 114-174]

_______________________________________________________________________

                                 A BILL

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