Text: H.R.2620 — 114th Congress (2015-2016)All Information (Except Text)

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Public Law No: 114-36 (07/20/2015)

 
[114th Congress Public Law 36]
[From the U.S. Government Publishing Office]



[[Page 129 STAT. 435]]

Public Law 114-36
114th Congress

                                 An Act


 
To amend the United States Cotton Futures Act to exclude certain cotton 
    futures contracts from coverage under such Act. <<NOTE: July 20, 
                         2015 -  [H.R. 2620]>> 

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,
SECTION 1. EXCLUDING CERTAIN COTTON FUTURES CONTRACTS FROM 
                              COVERAGE UNDER UNITED STATES COTTON 
                              FUTURES ACT.

    (a) In General.--Subsection (c)(1) of the United States Cotton 
Futures Act (7 U.S.C. 15B(c)(1)) is amended--
            (1) by striking ``except that any cotton futures contract'' 
        and inserting the following: ``except that--
                    ``(A) any cotton futures contract'';
            (2) in subparagraph (A) (as designated by paragraph (1)), by 
        striking the period at the end and inserting ``; and''; and
            (3) by adding at the end the following new subparagraph:
                    ``(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.''.

    (b) <<NOTE: 7 USC 15b note.>>  Application.--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.

    Approved July 20, 2015.

LEGISLATIVE HISTORY--H.R. 2620:
---------------------------------------------------------------------------

HOUSE REPORTS: No. 114-174 (Comm. on Agriculture).
CONGRESSIONAL RECORD, Vol. 161 (2015):
            June 23, considered and passed House.
            July 9, considered and passed Senate.

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