Grain Futures Act of 1922

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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.
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From its genesis with the passage of the Grain Futures Act in 1922, regulation of derivatives markets was relatively static until the 1980s.
The agricultural depression that followed World War I resulted in the passage of the Grain Futures Act (GFA), which was intended to curb speculation in grain.
A growing market: rapid financial innovation over the past quarter-century is testing the traditional regulatory framework. (Securities & Investment)
The objective of the Grain Futures Act of 1922 was to reduce or eliminate "sudden or unreasonable fluctuations" in the prices of grain on futures exchanges.
Statements to the Congress
For example, the Grain Futures Act of 1922 and the Commodity Futures Act of 1936 were two early attempts at regulating the futures market.
Who patrols the money? The regulation of off-exchange foreign currency options: Dunn v. Commodity Futures Trading Commission
The Commodity Exchange Act of 1936 and its predecessor the Grain Futures Act of 1922 were a response to the perceived problems of manipulation of grain markets that were particularly evident in the latter part of the nineteenth and early part of the twentieth centuries.
Statements to the Congress

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