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H.R. 4267 (113th): Commodity Delivery Relief Act

React to this bill with an emoji

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The text of the bill below is as of Mar 14, 2014 (Introduced). The bill was not enacted into law.

I

113th CONGRESS

2d Session

H. R. 4267

IN THE HOUSE OF REPRESENTATIVES

March 14, 2014

introduced the following bill; which was referred to the Committee on Agriculture

A BILL

To amend the Commodity Exchange Act to provide relief for end users who use physical contracts with volumetric optionality.

1.

Short title

This Act may be cited as the Commodity Delivery Relief Act .

2.

Relief for end users who use physical contracts with volumetric optionality

Section 1a(47)(B)(ii) of the Commodity Exchange Act ( 7 U.S.C. 1a(47)(B)(ii) ) is amended to read as follows:

(ii)

any purchase or sale of a nonfinancial commodity or security for deferred shipment or delivery, so long as the transaction is intended to be physically settled, including any stand-alone or embedded option for which exercise results in a physical delivery obligation;

.