Grain Futures Act of 1922(redirected from Grain Futures Act)
Also found in: Wikipedia.
Grain Futures Act of 1922
Legislation in the United States that required all futures contracts on grain to be traded on a futures exchange. It also required these exchanges to publish more information and prevent price manipulation. It created the Grain Futures Commission, which was the predecessor organization of the Commodity Futures Trading Commission. It replaced the Futures Trading Act of 1921, which was declared unconstitutional. See also: Board of Trade of City of Chicago vs. Olsen.