quota shall be considered to be an in-quota quan-
tity for purposes of— 
(i) section 213(d) of the Caribbean 
Basin Economic Recovery Act (19 U.S.C. 
2703(d)); 
(ii) section 204 of the Andean Trade 
Preference Act (19 U.S.C. 3203); 
(iii) section 503(d) of the Trade Act of 
1974 (19 U.S.C. 2463(d)); and 
(iv) General Note 3(a)(iv) to the Har-
monized Tariff Schedule. 
(D) QUOTA ENTRY PERIOD.—When a quota 
is established under this subsection, cotton may 
be entered under the quota during the 90-day pe-
riod beginning on the date the quota is estab-
lished by the Secretary. 
(3) NO OVERLAP.—Notwithstanding paragraph 
(2), a quota period may not be established that over-
laps an existing quota period or a special quota pe-
riod established under subsection (a). 
(c) ECONOMIC ADJUSTMENT ASSISTANCE TO USERS 
OF UPLAND COTTON.— 
(1) ISSUANCE OF MARKETING CERTIFICATES OR 
CASH PAYMENTS.—During the period beginning on 
the date of the enactment of this Act through July 31, 
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2013, the Secretary shall issue, on a monthly basis, 
marketing certificates or cash payments, at the option 
of the recipient, to domestic users of upland cotton for 
all documented use of upland cotton during the pre-
vious monthly period regardless of the origin of the 
upland cotton. 
(2) VALUE OF CERTIFICATES OR PAYMENTS.— 
The value of the marketing certificates or cash pay-
ments shall be 4 cents per pound. 
(3) ALLOWABLE PURPOSES.—Economic adjust-
ment assistance under this subsection shall be made 
available only to domestic users of upland cotton that 
certify that such funds shall be used only for acquisi-
tion, construction, installation, modernization, devel-
opment, conversion, or expansion of land, plant, 
buildings, equipment, facilities, or machinery. 
(4) REVIEW OR AUDIT.—The Secretary may con-
duct such review or audit of the records of a domestic 
user under this subsection as determined necessary to 
carry out the provisions of this subsection. 
(5) IMPROPER USE OF ASSISTANCE.—If the Sec-
retary determines, after a review or audit of the 
records of the domestic user, that economic adjustment 
assistance under this subsection was not used for the 
purposes specified in paragraph (3), the domestic user 
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shall be liable to repay such assistance to the Sec-
retary, plus interest, as determined by the Secretary, 
and shall be ineligible to participate in the program 
established by this subsection for a period of 12 
months following the determination of the Secretary. 
SEC. 1208. SPECIAL COMPETITIVE PROVISIONS FOR EXTRA 
LONG STAPLE COTTON. 
(a) COMPETITIVENESS PROGRAM.—Notwithstanding 
any other provision of law, during the period beginning on 
the date of the enactment of this Act through July 31, 2013, 
the Secretary shall carry out a program— 
(1) to maintain and expand the domestic use of 
extra long staple cotton produced in the United 
States; 
(2) to increase exports of extra long staple cotton 
produced in the United States; and 
(3) to ensure that extra long staple cotton pro-
duced in the United States remains competitive in 
world markets. 
(b) PAYMENTS UNDER PROGRAM; TRIGGER.—Under 
the program, the Secretary shall make payments available 
under this section whenever— 
(1) for a consecutive 4-week period, the world 
market price for the lowest priced competing growth 
of extra long staple cotton (adjusted to United States 
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quality and location and for other factors affecting 
the competitiveness of such cotton), as determined by 
the Secretary, is below the prevailing United States 
price for a competing growth of extra long staple cot-
ton; and 
(2) the lowest priced competing growth of extra 
long staple cotton (adjusted to United States quality 
and location and for other factors affecting the com-
petitiveness of such cotton), as determined by the Sec-
retary, is less than 134 percent of the loan rate for 
extra long staple cotton. 
(c) ELIGIBLE RECIPIENTS.—The Secretary shall make 
payments available under this section to domestic users of 
extra long staple cotton produced in the United States and 
exporters of extra long staple cotton produced in the United 
States that enter into an agreement with the Commodity 
Credit Corporation to participate in the program under 
this section. 
(d) PAYMENT AMOUNT.—Payments under this section 
shall be based on the amount of the difference in the prices 
referred to in subsection (b)(1) during the fourth week of 
the consecutive 4-week period multiplied by the amount of 
documented purchases by domestic users and sales for ex-
port by exporters made in the week following such a con-
secutive 4-week period. 
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(e) FORM OF PAYMENT.—Payments under this section 
shall be made through the issuance of cash or marketing 
certificates, at the option of eligible recipients of the pay-
ments. 
SEC. 1209. AVAILABILITY OF RECOURSE LOANS FOR HIGH 
MOISTURE FEED GRAINS AND SEED COTTON. 
(a) HIGH MOISTURE FEED GRAINS.— 
(1) DEFINITION OF HIGH MOISTURE STATE.—In 
this subsection, the term ‘‘high moisture state’’ means 
corn or grain sorghum having a moisture content in 
excess of Commodity Credit Corporation standards 
for marketing assistance loans made by the Secretary 
under section 1201. 
(2) RECOURSE LOANS AVAILABLE.—For each of 
the 2008 through 2012 crops of corn and grain sor-
ghum, the Secretary shall make available recourse 
loans, as determined by the Secretary, to producers on 
a farm that— 
(A) normally harvest all or a portion of 
their crop of corn or grain sorghum in a high 
moisture state; 
(B) present— 
(i) certified scale tickets from an in-
spected, certified commercial scale, includ-
ing a licensed warehouse, feedlot, feed mill, 
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