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

Bill: 113-hr-5810
Sponsor: full_name: Rep. Westmoreland, Lynn A. [R-GA-3]
Introduced: 2014-12-08
Policy area: Agriculture and Food
Subjects: Agricultural marketing and promotion

Agricultural trade

Commodities markets
Latest action: action_date: 2014-12-11
text: Received in the Senate.

Summaries:
action_date: 2014-12-08
action_desc: Introduced in House
text: <p>Amends the United States Cotton Futures Act to exclude cotton future contracts involving cotton that is grown outside of the United States and tendered for delivery from coverage under the Act, including the requirement that the cotton be classified by the Department of Agriculture (USDA).</p>

action_date: 2014-12-10
action_desc: Passed House without amendment
text: <p><b>(This measure has not been amended since it was introduced. The summary of that version is repeated here.)</b></p> <p>Amends the United States Cotton Futures Act to exclude cotton future contracts involving cotton that is grown outside of the United States and tendered for delivery from coverage under the Act, including the requirement that the cotton be classified by the Department of Agriculture (USDA).</p>

tv_txt: 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.

tv_txt: I 113th CONGRESS 2d Session H. R. 5810 IN THE HOUSE OF REPRESENTATIVES AN ACT 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.

Passed the House of Representatives December 10, 2014. Karen L. Haas, Clerk.

tv_txt: II 113th CONGRESS 2d Session H. R. 5810 IN THE SENATE OF THE UNITED STATES December 11, 2014 Received AN ACT 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.

Passed the House of Representatives December 10, 2014. Karen L. Haas, Clerk