Cotton Futures Act of 1916

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Cotton Futures Act of 1916
Great Seal of the United States
Other short titles
  • Agricultural Appropriations Act of 1917
  • Cotton Futures Amendments
  • Grain Standards Act
  • Grain Grades Amendment
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
Public law 64-190
Statutes at Large 39 Stat. 476
Titles amended 7 U.S.C.: Agriculture
U.S.C. sections amended 7 U.S.C. ch. 1 § 15b
Legislative history

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.