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LegalText 7 U.S.C. § 8738 Special competitive provisions for extra long staple cotton us united_states_code code_section 7 AGRICULTURE 113 AGRICULTURAL COMMODITY SUPPORT PROGRAMS 8738 7 U.S.C. § 8738 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s8738 data/legal/raw/us/code/title-07/usc07.xml 74fb0a3070992fa3d369d8171ae41f9a4e9d7cc0c0a49492fba9d4a509701e63 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 68147b3af3cc8d82f0fbdcd8b51b229cb4f00d9d9348860308f3c4124d721bad 2026-07-04 official
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7 U.S.C. § 8738 - Special competitive provisions for extra long staple cotton

Text

(a) Competitiveness program Notwithstanding any other provision of law, during the period beginning on the date of enactment of this Act through July 31, 2013, the Secretary shall carry out a program—

(1) to maintain and expand the domestic use of extra long staple cotton produced in the United States;

(2) to increase exports of extra long staple cotton produced in the United States; and

(3) to ensure that extra long staple cotton produced in the United States remains competitive in world markets.

(b) Payments under program; trigger Under the program, the Secretary shall make payments available under this section whenever—

(1) for a consecutive 4-week period, the world market price for the lowest priced competing growth of extra long staple cotton (adjusted to United States quality and location and for other factors affecting the competitiveness of such cotton), as determined by the Secretary, is below the prevailing United States price for a competing growth of extra long staple cotton; and

(2) the lowest priced competing growth of extra long staple cotton (adjusted to United States quality and location and for other factors affecting the competitiveness of such cotton), as determined by the Secretary, is less than 134 percent of the loan rate for extra long staple cotton.

(c) Eligible recipients The Secretary shall make payments available under this section to domestic users of extra long staple cotton produced in the United States and exporters of extra long staple cotton produced in the United States that enter into an agreement with the Commodity Credit Corporation to participate in the program under this section.

(d) Payment amount Payments under this section shall be based on the amount of the difference in the prices referred to in subsection (b)(1) during the fourth week of the consecutive 4-week period multiplied by the amount of documented purchases by domestic users and sales for export by exporters made in the week following such a consecutive 4-week period.

(Pub. L. 110234, title I, § 1208, May 22, 2008, 122 Stat. 963; Pub. L. 110246, § 4(a), title I, § 1208, June 18, 2008, 122 Stat. 1664, 1692.)

Notes

Editorial Notes

References in TextThe date of enactment of this Act, referred to in subsec. (a), is the date of enactment of Pub. L. 110246, which was approved June 18, 2008.

Codification Pub. L. 110234 and Pub. L. 110246 enacted identical sections. Pub. L. 110234 was repealed by section 4(a) of Pub. L. 110246.

Statutory Notes and Related Subsidiaries

Effective DateEnactment of this section and repeal of Pub. L. 110234 by Pub. L. 110246 effective May 22, 2008, the date of enactment of Pub. L. 110234, see section 4 of Pub. L. 110246, set out as a note under section 8701 of this title.