Cotton Futures Act - Misplaced Pages

United States federal law

Cotton Futures Act
Citations

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
Public law	Pub. L. 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
Introduced in the Senate as S. 110 Committee consideration by House Agriculture Committee, Senate Agriculture and Forestry Committee Reported by the joint conference committee on July 27, 1914; agreed to by the Senate on July 27, 1914 (146-77) and by the House on July 27, 1914 (passed) Signed into law by President Woodrow Wilson on August 18, 1914

The Cotton Futures Act of 1914 (also known as the Smith-Lever law) 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.

References

Hoffmann, I. Newton (1915). "The Cotton Futures Act". Journal of Political Economy. 23 (5): 465–489. doi:10.1086/252663. ISSN 0022-3808.
Conant, Luther (1915). "The United States Cotton Futures Act". The American Economic Review. 5 (1): 2–11. ISSN 0002-8282.
Markham, Jerry W. (2002). A Financial History of the United States. M.E. Sharpe. p. 96. Retrieved 19 January 2020.

External links

23866584
"Rules and regulations of the Secretary of Agriculture under the United States Cotton Futures Act of August 18, 1914". U.S. Government Printing Office. 1915.

v t e United States federal agriculture legislation
Farm bills	Federal Farm Loan Act (1916) Agricultural Adjustment Act (1933) Agricultural Adjustment Act Amendment of 1935 Soil Conservation and Domestic Allotment Act of 1936 Agricultural Adjustment Act of 1938 Agricultural Act of 1948 Agricultural Act of 1949 Agricultural Act of 1954 Agricultural Act of 1956 Agricultural Act of 1961 Food and Agriculture Act of 1965 Agricultural Act of 1970 Agriculture and Consumer Protection Act of 1973 Food and Agriculture Act of 1977 Agriculture and Food Act of 1981 Food Security Act of 1985 Food, Agriculture, Conservation, and Trade Act of 1990 Federal Agriculture Improvement and Reform Act of 1996 Farm Security and Rural Investment Act of 2002 Food, Conservation, and Energy Act of 2008 Agricultural Act of 2014 Agriculture Improvement Act of 2018
Other agricultural legislation	Hatch Act of 1887 Agricultural Experiment Stations Act of 1887 Agriculture Appropriation Act of 1905 Agricultural Appropriations Act of 1922 Cotton Futures Act (1914) Cotton Futures Act (1916) Grain Standards Act (1916) Wheat Price Guarantee Act (1919) Future Trading Act (1921) Grain Futures Act (1922) Capper–Volstead Act (1922) Agricultural Marketing Act (1929) Farm Credit Act of 1933 Frazier–Lemke Farm Bankruptcy Act (1934) Bankhead–Jones Act of 1935 Commodity Exchange Act (1936) Bankhead-Jones Farm Tenant Act (1937) Agricultural Marketing Agreement Act of 1937 Federal Seed Act of 1939 Agricultural Trade Development and Assistance Act of 1954 National Wool Act of 1954 Federal Plant Pest Act of 1957 Agricultural Fair Practices Act of 1967 Farm Credit Act of 1971 Consolidated Farm and Rural Development Act of 1972 Commodity Futures Trading Commission Act of 1974 Agricultural Trade Act of 1978 Agricultural Adjustment Act of 1980 National Aquaculture Act of 1980 Caribbean Basin Economic Recovery Act of 1983 Extra-Long Staple Cotton Act of 1983 Agricultural Credit Act of 1987 Hunger Prevention Act of 1988 Alien Species Prevention and Enforcement Act of 1992 National Wool Act Amendments of 1993 Federal Crop Insurance Reform and Department of Agriculture Reorganization Act of 1994 Agricultural Research, Extension, and Education Reform Act of 1998 Agriculture Risk Protection Act of 2000

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