Grain Futures Act
E618769
The Grain Futures Act was a U.S. federal law enacted in 1922 to regulate trading in grain futures on commodity exchanges and curb market manipulation.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Grain Futures Act canonical | 1 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf | United States federal statute ⓘ |
| aimsTo |
curb excessive speculation in grain futures
ⓘ
reduce price manipulation in grain markets ⓘ |
| amendedBy | Grain Futures Administration Act NERFINISHED ⓘ |
| appliesTo |
commodity exchanges
ⓘ
grain futures trading ⓘ |
| citation | 42 Stat. 998 ⓘ |
| classification |
United States agricultural law
ⓘ
United States commodities and futures law ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| created | Grain Futures Administration NERFINISHED ⓘ |
| dateEnacted | 1922-09-21 ⓘ |
| enactedInYear | 1922 ⓘ |
| enforcedBy | United States Department of Agriculture NERFINISHED ⓘ |
| era | 1920s United States law ⓘ |
| hasEffectOn |
Chicago Board of Trade
NERFINISHED
ⓘ
other U.S. grain futures exchanges ⓘ |
| hasLanguage | English ⓘ |
| historicalPeriod | post–World War I era ⓘ |
| imposes | federal oversight on grain futures trading ⓘ |
| jurisdiction |
United States government
ⓘ
surface form:
United States federal government
|
| legalBasisFor | federal regulation of grain futures markets ⓘ |
| legislature | United States Congress NERFINISHED ⓘ |
| motivatedBy |
concerns about speculation in agricultural commodities
ⓘ
grain price volatility after World War I ⓘ |
| presidentAtEnactment | Warren G. Harding NERFINISHED ⓘ |
| purpose |
prevention of market manipulation
ⓘ
promotion of fair trading practices ⓘ regulation of grain futures trading ⓘ |
| regulates |
boards of trade dealing in grain futures
ⓘ
grain futures contracts ⓘ |
| relatedTo |
Commodity Exchange Act
NERFINISHED
ⓘ
Futures Trading Act of 1921 NERFINISHED ⓘ |
| replaced | Futures Trading Act of 1921 NERFINISHED ⓘ |
| requires |
designation of contract markets
ⓘ
record-keeping by grain futures exchanges ⓘ registration of grain futures exchanges ⓘ reporting of trading information to federal authorities ⓘ |
| sector |
agriculture
ⓘ
financial markets ⓘ |
| signedBy | Warren G. Harding NERFINISHED ⓘ |
| subjectMatter |
agricultural commodities
ⓘ
commodity futures regulation ⓘ |
| supersededBy | Commodity Exchange Act NERFINISHED ⓘ |
| targets |
cornering of grain markets
ⓘ
manipulative practices in grain futures ⓘ |
| typeOfRegulation | market regulation ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.