Futures Trading Act of 1921

(redirected from Future Trading Act)
Also found in: Wikipedia.

Futures Trading Act of 1921

Legislation in the United States that imposed a 20 cent per bushel tax on all grain futures that were not registered and regulated by the U.S. Department of Agriculture. The Act was intended to impose regulation on futures contracts and exchanges. It was declared unconstitutional in 1921.
References in periodicals archive ?
58) and in 1921 Congress enacted the Future Trading Act,(59) which taxed futures transactions not consummated on a designated market.

Full browser ?