Cotton Futures Act
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Cotton Futures Act
Cotton Futures Act
Great Seal of the United States
Other short titles Cotton Futures Act of 1914
Long title An Act to tax the privilege of dealing on exchanges, boards of trade, and similar places in contracts of sale of cotton for future delivery, and for other purposes.
Enacted by the 63rd United States Congress
Effective August 18, 1914
Citations
Public law 63-174
Statutes at Large 38 Stat. 693
Codification
Titles amended 7 U.S.C.: Agriculture
U.S.C. sections created 7 U.S.C. ch. 1 § 15b
Legislative history

The Cotton Futures Act of 1914 authorized the United States Department of Agriculture to establish physical standards as a means of determining color grade, staple length and strength, and other qualities and properties for cotton. It was intended to minimize speculative manipulation of the cotton market.

The Act was rendered unconstitutional in Federal district court because it originated in the Senate. As a revenue act, it should have been drafted in the House. It was replaced by the Cotton Futures Act of 1916.

External links

23866584


  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.

Cotton_Futures_Act
 



 

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