Cotton Futures Act of 1916
Appearance
Other short titles |
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Long title | An Act making appropriations for the Department of Agriculture for the fiscal year ending June thirtieth, nineteen hundred and seventeen, and for other purposes. |
Enacted by | the 64th United States Congress |
Effective | August 11, 1916 |
Citations | |
Public law | Pub. L. 64–190 |
Statutes at Large | 39 Stat. 476 |
Codification | |
Titles amended | 7 U.S.C.: Agriculture |
U.S.C. sections amended | 7 U.S.C. ch. 1 § 15b |
Legislative history | |
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The Cotton Futures Act of 1916 required the principal, meaning the exact type and grade of cotton, be given to the government upon sale at a cotton exchange, so that the USDA could keep track of what was being grown and where. It replaced the Cotton Futures Act of 1914, which was ruled unconstitutional.