The law › Title 7, Agriculture › Chapter 1

7 U.S.C. 15b: Cotton futures contracts

Created in 1976 by Public Law 94-455. Changed by 4 later laws. No bill we track in this Congress changes it.

1 other section of the Code cite this one, including 7 U.S.C. 55.

2 parts of federal rules cite it as their authority, written by Agricultural Marketing Service (Standards, Inspections, Marketing Practices), Department of Agriculture (2).

How it got hereLaws that created or changed it, newest first

2015Pub. L. 114-36

2000Grain Standards and Warehouse Improvement Act of 2000

1991Pub. L. 102-237

1981Pub. L. 97-35

1976Pub. L. 94-455created it

7 U.S.C. 15bCotton futures contracts

(a)Short title

(b)Omitted

(c)Definitions

(d)Bona fide spot markets and commercial differences

(e)Form and validity of cotton futures contracts

(f)Basis grade contracts

(g)Tendered grade contracts

(h)Specific grade contracts

(i)Liability of principal for acts of agent

(j)Regulations

(k)Violations

(l)Applicability to contracts prior to effective date

(m)Authorization

This CongressBills that change it or would

None we track

past change
enacted this Congress
proposed

This Congress

No bill we track in the 119th Congress changes this section.

How it got here

2015

Pub. L. 114–36 inserted a dash after "except that", designated "any cotton futures contract that, by its terms, is settled in cash is excluded from the coverage of this paragraph and section." as subpar. (A), and added subpar. (B). Law text · (c)

2000

Pub. L. 106–472 inserted at end "A person complying with the preceding sentence shall not be liable for any loss or damage arising or resulting from such compliance." (Grain Standards and Warehouse Improvement Act of 2000) Law text · (d)

1991

Pub. L. 102–237 inserted before period at end ", except that any cotton futures contract that, by its terms, is settled in cash is excluded from the coverage of this paragraph and section". · (c)

1981

Pub. L. 97–35 inserted provisions relating to crediting to account referred to in section 55 of this title and provisions respecting cotton samples submitted or used becoming the property of the United States. · (f)

Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.