H.R.6128 - To amend the United States Warehouse Act to provide for the use of electronic cotton warehouse receipts, and for other purposes.102nd Congress (1991-1992)
|Sponsor:||Rep. de la Garza, E. [D-TX-15] (Introduced 10/03/1992)|
|Committees:||House - Agriculture|
|Latest Action:||10/28/1992 Became Public Law No: 102-553. (All Actions)|
This bill has the status Became Law
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.6128 — 102nd Congress (1991-1992)All Information (Except Text)
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.