Title 7 — Agriculture
Chapter 1 — Commodity Exchanges
§ 6q. Special procedures to encourage and facilitate bona fide hedging by agricultural producers
Statutory text
Authority
The Commission shall consider issuing rules or orders which—
prescribe procedures under which each contract market is to provide for orderly delivery, including temporary storage costs, of any agricultural commodity enumerated in section 1a(9) of this title which is the subject of a contract for purchase or sale for future delivery;
increase the ease with which domestic agricultural producers may participate in contract markets, including by addressing cost and margin requirements, so as to better enable the producers to hedge price risk associated with their production;
provide flexibility in the minimum quantities of such agricultural commodities that may be the subject of a contract for purchase or sale for future delivery that is traded on a contract market, to better allow domestic agricultural producers to hedge such price risk; and
encourage contract markets to provide information and otherwise facilitate the participation of domestic agricultural producers in contract markets.
Report
Within 1 year after , the Commission shall submit to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate a report on the steps it has taken to implement this section and on the activities of contract markets pursuant to this section.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Consolidated Appropriations Act, 2001
Pub. L. 106–554 § 1(a)(5)(tI)(s121) · 114 Stat. 2763
Enacted · 7 U.S.C. § 6q
Sept. 21, 1922, ch. 369, § 4q, formerly § 4p, as added Pub. L. 106–554, § 1(a)(5) [title I, § 121], Dec. 21, 2000, 114 Stat. 2763, 2763A–404
Source evidence
Code source credit
Sept. 21, 1922, ch. 369, § 4q, formerly § 4p, as added Pub. L. 106–554, § 1(a)(5) [title I, § 121], Dec. 21, 2000, 114 Stat. 2763, 2763A–404Enacted provision · exact public law section
(5) H.R. 5660, as introduced on December 14, 2000.Wall Street Transparency and Accountability Act of 2010
Pub. L. 111–203 title VII § 721(e)(3) · 124 Stat. 1376
Substituted · 7 U.S.C. § 6q(a)(1)
Pub. L. 111–203 substituted “section 1a(9)” for “section 1a(4)”
Source evidence
Code amendment note
Subsec. (a)(1). Pub. L. 111–203 substituted “section 1a(9)” for “section 1a(4)”.Enacted provision · exact public law section
(3) Section 4q(a)(1) of the Commodity Exchange Act (7 U.S.C. 6o–1(a)(1)) is 7 USC 6q. amended by striking “section 1a(4)” and inserting “section 1a(9)”.Effective date note
Amendment by Pub. L. 111–203 effective on the later of 360 days after July 21, 2010, or, to the extent a provision of subtitle A (§§ 711–754) of title VII of Pub. L. 111–203 requires a rulemaking, not less than 60 days after publication of the final rule or regulation implementing such provision of subtitle A, see section 754 of Pub. L. 111–203, set out as a note under section 1a of this title.
2 of 2 references resolved to an enrolled provision
Editorial Notes
Codification
Pub. L. 110–234 and Pub. L. 110–246 both renumbered this section as section 4q of act . Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246 effective , the date of enactment of Pub. L. 110–234.
Section was formerly classified to section 6o–1 of this title.
Amendments
2010—Subsec. (a)(1). Pub. L. 111–203 substituted “section 1a(9)” for “section 1a(4)”.
Statutory Notes and Related Subsidiaries
Effective Date of 2010 Amendment
Amendment by Pub. L. 111–203 effective on the later of 360 days after , or, to the extent a provision of subtitle A (§§ 711–754) of title VII of Pub. L. 111–203 requires a rulemaking, not less than 60 days after publication of the final rule or regulation implementing such provision of subtitle A, see section 754 of Pub. L. 111–203, set out as a note under section 1a of this title.
Credits
1922–2010 · 3 acts
- 1922Sept. 21, 1922, ch. 369, § 4q, formerly § 4p, as added Pub. L. 106–554, § 1(a)(5) [title I, § 121], , 114 Stat. 2763, 2763A–404
- 2008renumbered § 4q, Pub. L. 110–234, title XIII, § 13105(d), , 122 Stat. 1434, and Pub. L. 110–246, § 4(a), title XIII, § 13105(d), , 122 Stat. 1664, 2196
- 2010Pub. L. 111–203, title VII, § 721(e)(3), , 124 Stat. 1671.
Show as published
(Sept. 21, 1922, ch. 369, § 4q, formerly § 4p, as added Pub. L. 106–554, § 1(a)(5) [title I, § 121], , 114 Stat. 2763, 2763A–404; renumbered § 4q, Pub. L. 110–234, title XIII, § 13105(d), , 122 Stat. 1434, and Pub. L. 110–246, § 4(a), title XIII, § 13105(d), , 122 Stat. 1664, 2196; Pub. L. 111–203, title VII, § 721(e)(3), , 124 Stat. 1671.)