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U.S. Code as of:
01/03/05
Section 6o-1. Special procedures to encourage and facilitate bona fide hedging by agricultural producers
(a) Authority
The Commission shall consider issuing rules or orders which -
(1) 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(4) of this
title which is the subject of a contract for purchase or sale for
future delivery;
(2) 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;
(3) 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
(4) encourage contract markets to provide information and
otherwise facilitate the participation of domestic agricultural
producers in contract markets.
(b) Report
Within 1 year after December 21, 2000, 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.
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