The Cotton Futures Act of 1914 authorized the United States Department of Agriculture to establish physical standards as a means of determining color grade, staple length and strength, and other qualities and properties for cotton. It was intended to minimize speculative manipulation of the cotton market. The Act was rendered unconstitutional in Federal district court because it originated in the

Senate A senate is a deliberative assembly, often the upper house or chamber of a bicameral legislature. The name comes from the ancient Roman Senate (Latin: ''Senatus''), so-called as an assembly of the senior (Latin: ''senex'' meaning "the el ...

rather than the

House A house is a single-unit residential building. It may range in complexity from a rudimentary hut to a complex structure of wood, masonry, concrete or other material, outfitted with plumbing, electrical, and heating, ventilation, and air condi ...

. As a revenue act, it should have been drafted in the

. It was replaced by the Cotton Futures Act of 1916.

References

External links

* * 1914 in American law United States federal commodity and futures legislation Cotton industry in the United States {{US-fed-statute-stub