H. R. 2620
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
To amend the United States Cotton Futures Act to exclude certain cotton futures contracts from coverage under such Act.
Excluding certain cotton futures contracts from coverage under United States Cotton Futures Act
Subsection (c)(1) of the United States Cotton Futures Act (7 U.S.C. 15B(c)(1)) is amended—
except that any cotton futures contract and inserting the following:
any cotton futures contract
by adding at the end the following new subparagraph:
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.
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.