Summary: H.R.6128 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for H.R.6128. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (10/03/1992)

Amends the United States Warehouse Act to permit all (Federal or State licensed) cotton warehouses to record specified cotton receipt information required by such Act in a central filing system or systems.

Deems such recording as establishing ownership under Federal or State law.

States that: (1) a holder of an electronic cotton warehouse receipt shall be treated as being in possession of the warehouse receipt under Federal or State law; and (2) such provision shall apply to electronic receipts form all (Federal or State licensed) warehouses.

Amends the Agricultural Adjustment Act, reenacted with amendments by the Agricultural Marketing Agreement Act of 1937, to provide for expedited action on marketing orders.