Section 1 Short title
This Act may be cited as the “Commodity Delivery Relief Act”.
Commodity Delivery Relief Act
A BILL
To amend the Commodity Exchange Act to provide relief for end users who use physical contracts with volumetric optionality.
Sec. 2 Relief for end users who use physical contracts with volumetric optionality
Section 1a(47)(B)(ii) of the Commodity Exchange Act (7 U.S.C. 1a(47)(B)(ii)) is amended to read as follows:
“(ii) any purchase or sale of a nonfinancial commodity or security for deferred shipment or delivery, so long as the transaction is intended to be physically settled, including any stand-alone or embedded option for which exercise results in a physical delivery obligation;”