Pub. L. 114-36 - An act to amend the United States Cotton Futures Act to exclude certain cotton futures contracts from coverage under such Act.

114th Congress

Affects: 7 U.S.C. §§ 15B

SECTION 1. EXCLUDING CERTAIN COTTON FUTURES CONTRACTS FROM COVERAGE UNDER UNITED STATES COTTON FUTURES ACT.

(a) Subsection (c)(1) of the United States Cotton Futures Act (7 U.S.C. 15B(c)(1)) is amended—

(a)(1) by striking “except that any cotton futures contract” and inserting the following:

(a)(1)“(A) any cotton futures contract”

(a)(1) ;

(a)(2) in subparagraph (A) (as designated by paragraph (1)), by striking the period at the end and inserting “; and”; and

(a)(3) by adding at the end the following new subparagraph:

(a)(3)“(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.”

(a)(3) .

(b) 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.

Legislative History

LEGISLATIVE HISTORY—H.R. 2620:

CONGRESSIONAL RECORD, Vol. 161 (2015):

June 23, considered and passed House.

July 9, considered and passed Senate.