Grain Futures Act
Senate Agriculture and Forestry Committee | |
| United States Supreme Court cases | |
|---|---|
| Board of Trade of City of Chicago v. Olsen, 262 U.S. 1 (1923) |
The Grain Futures Act (ch. 369, 42
commodity futures, and causing the establishment of the Grain Futures Administration, a predecessor organization to the Commodity Futures Trading Commission
.
The bill that became the Grain Futures Act was introduced in the
Futures Trading Act of 1921 unconstitutional in Hill v. Wallace 259 U.S. 44 (1922).[1] The Grain Futures Act was held to be constitutional by the US Supreme Court in Board of Trade of City of Chicago v. Olsen
262 US 1 (1923).
In 1936 it was revised into the Commodity Exchange Act (CEA). The act was further superseded in 1974 by establishing the Commodity Futures Trading Commission. In 1982 the Commodity Futures Trading Commission created the National Futures Association (NFA).
See also
- National Futures Association
- Commodity Exchange Act
- Commodity Futures Trading Commission
- Futures exchange
- Futures contract
References
- ^ Markham, Jerry The history of Commodity futures Trading and its Regulation, 13
