Shorttitle: | Cotton Futures Act of 1916 |
Longtitle: | 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: | 64th |
Effective Date: | August 11, 1916 |
Title Amended: | 7 U.S.C.: Agriculture |
Sections Amended: | ยง 15b |
Introducedin: | House |
Committees: | House Agriculture Committee, Senate Agriculture and Forestry Committee |
Passedbody1: | House |
Passeddate1: | April 28, 1916 |
Passedvote1: | 184-136 |
Passedbody2: | Senate |
Passeddate2: | July 5, 1916 |
Passedvote2: | 30-28 |
Conferencedate: | August 3, 1916 |
Passedbody3: | House |
Passeddate3: | August 3, 1916 |
Passedvote3: | Passed |
Passedbody4: | Senate |
Passeddate4: | August 3, 1916 |
Passedvote4: | 34-25 |
Signedpresident: | Woodrow Wilson |
Signeddate: | August 11, 1916 |
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.